Lifespan, CNE lose more than $100M combined in FY22

Nancy Lavin

12/08/2022

LIFESPAN CORP. and Care New England Health System ended the fiscal year 2022 with $77 million and $34 million operating losses, respectively. Pictured is Rhode Island Hospital, which is owned by Lifespan. /COURTESY RHODE ISLAND HOSPITAL

PROVIDENCE – The state’s largest hospital system operators are losing money again, with combined operating losses of more than $100 million for the fiscal year that ended Sept. 30. Lifespan Corp. and Care New England Health System have long suffered financial woes, worsened by the pandemic. COVID-19 remains a shadow hovering over their latest financial…

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