CNE - Providence Business News

Fitch upgrades Care New England’s bonds, Issuer Default Rating to ‘BB’

Health Services 05/18/2025

PROVIDENCE – Fitch Ratings recently upgraded its long-term rating on Care New England Health System’s bonds to “BB” from “BB-.” The rating applies to $101.5...

Care New England posts $15.2M operating income in 2024

Financial Services 12/03/2024

PROVIDENCE – Care New England Health System closed out fiscal 2024 with $15.2 million in operating income, according to unaudited financial statements released Nov....

CNE protects jobs but for how long?

Editorial and Op-Ed 07/08/2022

Care New England Health System’s leaders say they’ve finally found a set of financial projections they think can help keep the state’s second-biggest hospital...

Dr. James E. Fanale has served as CEO and president of Care New England since Jan. 1, 2018, when he replaced the retiring Dennis D. Keefe. He’s since focused on rebuilding CNE’s finances, establishing an aggressive strategy for stabilization and growth while leading a team of more than 7,000 staff and clinicians. / PBN PHOTO/MICHAEL SALERNO

Commitment fuels success

Health Services 11/15/2019

Dr. James E. Fanale | Care New England CEO and president Health care is very challenging in the Northeast, even more so here in Rhode...

INTERNAL FOCUS: After Massachusetts-based Partners HealthCare pulled its application to acquire Care New England and CNE withdrew from talks with Lifespan and Brown University to develop a unified, statewide health care system, Dr. James E. Fanale, CEO and president of CNE, says the company will now focus on internal priorities, including renovations at Kent Hospital and Women & Infants Hospital, over the next couple of years.  / PBN PHOTO/MICHAEL SALERNO

CNE plots solo course (for now)

Cover Story 08/23/2019

Care New England Health System’s proposed acquisition by Massachusetts health care giant Partners HealthCare ended abruptly in June when Partners pulled its application, after...

CARE NEW ENGLAND, which includes Kent Hospital, posted operating income of $7.4 million in fiscal 2019's third quarter. / COURTESY CARE NEW ENGLAND

CNE posts $7.4M fiscal Q3 profit

Health Services 07/29/2019

PROVIDENCE – Care New England Health System announced fiscal third-quarter operating income of $7.4 million, a gain of $6.5 million from the same 2018...

A BULLY PULPIT? Gov. Gina M. Raimondo has taken an active role in trying to get Lifespan and Care New England to complete a merger they have tried twice before, spending political capital that she has seemed reluctant to do in the past.  / PBN FILE PHOTO/ DAVE HANSEN

A more muscular Raimondo is a good thing for Rhode Island

Editorial and Op-Ed 06/14/2019

Gov. Gina M. Raimondo has stepped in and told Rhode Island’s two health care systems – Lifespan Corp. and Care New England Health System...

A SIMPLER TIME: Lifespan President and CEO Dr. Timothy J. Babineau keeps a Norman Rockwell print of a country doctor in his office in memory of his father, a solo practitioner for years. That reality is far from the current controversy over the proposed Care New England-Partners HealthCare merger.  / PBN PHOTO/ DAVE HANSEN

Health care merger is complex, but effects should be made clear

Editorial and Op-Ed 05/03/2019

Before they’re allowed to merge, however, we hope that public officials do exactly what they’ve promised: Evaluate this deal thoroughly and make sure Rhode...

PARTNERS HEALTHCARE and Care New England have filed their merger application with the R.I. Department of Health. A 90-day review process begins today.

Partners, CNE and Brigham Health file merger review with RIDOH

Health Services 12/17/2018

PROVIDENCE— Partners HealthCare and Brigham Health filed an application today with the R.I. Department of Health and R.I. Attorney General, seeking approval of Partners'...

PARTNERS HEALTHCARE has only R.I. Department of Health’s review of its intended merger with Care New England remaining before it can proceed with the deal.

FTC: No challenge for Partners, CNE merger

Health Services 12/11/2018

NEW YORK —The Federal Trade Commission is not opposing the merger of Partners HealthCare of Massachusetts and Care New England, the commission confirmed today. Betsy...

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