Merger talks between Care New England, one of the largest healthcare systems in Rhode Island, Brown University and Lifespan, operator of Rhode Island Hospital, are over.
CNE’s board voted to withdraw from the merger discussion with Brown and Lifespan, which the health system attended at the request of the Governor of Rhode Island.
Previously, Partners Healthcare, a healthcare system based in Boston, had tried to acquire CNE, but was thwarted after objections by the Governor to keep the system localized within the state.
Instead of looking to be acquired, CNE is taking other steps to improve its operations.
“CNE has implemented a remarkable turnaround with significant improvements,” Charles R. Reppucci, chair, CNE Board of Directors & James E. Fanale, MD, president and CEO of CNE, said in a statement. “With this in mind, it is the respectful position of CNE to step back and continue on the dedicated path of improving quality, service, and access to health care for our patients.”
According to CNE, it is in the best interest of the health system and the community to withdraw from potential merger talks.
CNE is still involved in a collaboration with Brown University and Lifespan.
Amy joined TriMed Media as a Senior Writer for HealthExec after covering home care for three years. When not writing about all things healthcare, she fulfills her lifelong dream of becoming a pirate by sailing in regattas and enjoying rum. Fun fact: she sailed 333 miles across Lake Michigan in the Chicago Yacht Club "Race to Mackinac."