Nonprofit health system withdraws from hospital merger talks

 

PROVIDENCE, R.I. (AP) – A nonprofit health care system that includes several Rhode Island hospitals is withdrawing from talks about a proposed merger.

Care New England said Tuesday its board voted to formally withdraw from discussions with Lifespan, Rhode Island’s largest hospital system, and Brown University.

Democratic Gov. Gina Raimondo had urged Care New England, Lifespan and Brown to establish a locally-run, academic medical center.

Raimondo said Tuesday she’s disappointed because the proposed medical center is in the state’s best interest. She says she encouraged the parties to remain open to future discussions.

Care New England says its board considered capital requirements and financial stability of the combined system, community need, anti-trust issues, organizational stability and implementation risks.

Lifespan’s board chairman says they respect the decision but are extremely disappointed, according to WPRI-TV.

 

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