Lifespan finishes year with $500K loss

DR. TIMOTHY J. Babineau, president and CEO of Lifespan Corp., in a memo to employees Thursday announced Lifespan ended fiscal 2016 with a better-than expected bottom line, almost breaking even with a $500,000 operating loss. / COURTESY LIFESPAN
DR. TIMOTHY J. Babineau, president and CEO of Lifespan Corp., in a memo to employees Thursday announced Lifespan ended fiscal 2016 with a better-than expected bottom line, almost breaking even with a $500,000 operating loss. / COURTESY LIFESPAN
PROVIDENCE – Lifespan Corp. ended fiscal 2016 with a better-than expected bottom line, almost breaking even with a $500,000 operating loss, according to a memo to employees from President and CEO Timothy J. Babineau. In a brief financial update Thursday, Babineau called the figure “an extraordinary accomplishment” in the current health care environment. The nonprofit,…

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