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DR. JAMES E. FANALE, the outgoing CEO and president of Care New England Health System, said an acquisition of the Rhode Island hospital company or a merger could come as soon as 30 days from Thursday, May 26, 2022. / PROVIDENCE BUSINESS NEWS FILE PHOTO

Fanale: Care New England merger decision may come as soon as...

PROVIDENCE – The outgoing CEO and president of Care New England Health System said a decision regarding an acquisition of the Rhode Island hospital...

Bill to place moratorium on for-profit hospital ownership transactions clears R.I....

PROVIDENCE – The R.I. Senate Thursday approved legislation that would amend the Hospital Conversion Act to impose a one-year moratorium on hospital ownership transactions...
RHODE ISLAND'S TWO MAJOR HOSPITAL SYSTEMS, Lifespan Corp. and Care New England Health System, announced on Wednesday, Feb. 23, that they are withdrawing their application for a merger, after it was rejected in rulings issued recently by Attorney General Peter F. Neronha and the Federal Trade Commission. / COURTESY LIFESPAN CORP., CARE NEW ENGLAND HEALTH SYSTEMS AND BROWN UNIVERSITY

Lifespan, CNE withdraw merger application, won’t contest challenges

PROVIDENCE – Rhode Island's two major hospital systems, Lifespan Corp. and Care New England Health System, announced on Wednesday that they are withdrawing their...

A crucial crossroads for R.I.’s hospitals

Rhode Island’s health care system is on the cusp of unprecedented changes in 2021. COVID-19 buffeted the financial health of the state’s not-for-profit hospitals. Care...
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...

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