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STONEBRIDGE HEALTHCARE sent a letter to the board of Care New England on Monday offering $250 million to purchase the hospital group and an additional $300 million in investments over six years. / COURTESY WOMEN & INFANTS HOSPITAL

Pa.-based group makes $250M offer to buy Care New England

PROVIDENCE – A Pennsylvania-based health care company is looking to purchase Care New England Health System. StoneBridge Healthcare LLC, of New Hope, Pa., sent a letter to...
UNDER PRESSURE: Dr. Raymond Powrie, Care New England’s chief of medicine, acknowledges that financially “hard decisions have been made” during the pandemic.  / PBN PHOTO/PAMELA BHATIA

Lifespan, CNE move toward merger, leaving many to wonder about side...

For decades, Rhode Island’s two largest hospital systems have been rivals, each enduring similar financial pressures on their own in a small but competitive...
AFTER A 90-day exploratory period this summer, the leaders of Lifespan and Care New England have announced that they will move to the next step in their affiliation process. Above, on left, Lifespan CEO Timothy J. Babineau and Dr. James E. Fanale, president and CEO of Care New England. / PBN FILE PHOTOS/ DAVE HANSEN/MICHAEL SALERNO

Lifespan, CNE move forward with letter of intent to merge

PROVIDENCE – After a 90-day exploratory period this summer, the leaders of Lifespan Corp. and Care New England Health System have announced that they...
BUILDING ­SUCCESS: From top left, clockwise, Laurel Delaney, Betsy Mikesell, Angie White and Sonat Birnecker Hart will host a June 4 webinar to discuss how to build a successful business. / COURTESY LAUREL DELANEY, BETSY MIKESELL, ANGIE WHITE, SONAT BIRNECKER HART

Editor’s Choice: Founders discuss innovating, disrupting business world

EDITOR’S CHOICE Founders discuss innovating, disrupting business world FOUR WOMEN ENTREPRENEURS will host a webinar about the nuances of creating, safeguarding and sustaining success in...
LIFESPAN AND COASTAL MEDICAL announced Thursday that they have signed a letter of intent to pursue an affiliation. / COURTESY LIFESPAN CORP.

Lifespan, Coastal Medical announce plan to join forces to expand health...

PROVIDENCE – Lifespan Corp., the state's largest hospital system, is in the process of affiliating with Coastal Medical Inc., a large primary care practice...

Let’s hope 2020 resolves merger question for Lifespan and CNE

Rhode Island’s two biggest health systems head into the new year with major questions to answer about their finances and the prospect of a...
PARTNERS HEALTHCARE is rebranding as Mass General Brigham.

Partners to rebrand as Mass General Brigham

BOSTON – Partners HealthCare is rebranding as Mass General Brigham, the organization announced Wednesday. The new name highlights the organization’s two marquee hospitals in Boston,...
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.

CNE plots solo course (for now)

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...
NEW USE: Care New England is considering an outpatient building on the Butler Hospital campus in Providence that currently houses an orthopedic and cardiology practice and has some empty space, for expanded ambulatory care services.

Expanding ambulatory care seen moving patients away from hospitals

Ambulatory care expansion was high on the list of priorities that leaders at Care New England Health System brought to Partners HealthCare this past...

Health care consolidation is inevitable in Rhode Island

The headline says it all: “CNE plots solo course (for now).” The cover story interview in the current edition of Providence Business News with Care...

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