(Providence, RI) — Care New England’s Board of Directors has unanimously voted to pursue a strategy of operating the health system independently, with enhanced support from various clinical and operating partners to improve liquidity and operational performance. Following the decision, Care New England will work on arrangements with Brown University, its health plans, Lifespan and other local hospitals and health systems, and clinical partners.
Today’s announcement followed months of examination and analysis of various offers and partnership structures, followed by deliberation of Care New England’s Board of Directors. Just a few of the key areas under the microscope were: the financial commitments made by potential partners, the experience of potential partners in operating and integrating hospitals, their track record of working productively with health care workers in Rhode Island, their experience in academic health system environments, as well as any likely financial and regulatory barriers to implementing specific transactions.
Charles Reppucci, Care New England’s Board of Directors Chairman, and James E. Fanale, M.D., President and CEO of Care New England, expressed gratitude for interest of all potential partners. “This plan,” they agreed, “coupled with the financial support included in the recently-enacted state budget, will help ensure that Care New England will maintain a stable operating platform and continue to fulfill its mission to care for its community of patients and support our staff.”
They also expressed wholehearted thanks to the legislative leadership, governor, and especially the Speaker of the House and Senate President for their counsel and support.
About Care New England
Care New England Health System is a trusted organization that fuels the latest advances in medical research, attracts the nation’s top specialty-trained doctors, hones renowned services and innovative programs, and engages in the important discussions people need to have about their health and end-of-life wishes. Care New England is helping to transform the future of health care, providing a leading voice in the ongoing effort to ensure the health of the individuals and communities we serve.
CNE was founded in 1996, and today it is the parent organization of Butler Hospital, Kent Hospital, Women & Infants Hospital of Rhode Island, Care New England Medical Group, the VNA of Care New England, The Providence Center, and Integra, a certified accountable care organization (ACO). Care New England includes 970 licensed beds and 216 infant bassinets. Through Butler, Kent, and Women & Infants hospitals, Care New England has a teaching and research affiliation with The Warren Alpert Medical School of Brown University.