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August 24, 2017

Partners exec: Care New England acquisition depends on bottom line


Partners HealthCare is in negotiations to acquire three Rhode Island hospitals, but top executives said the deal is largely predicated on whether the hospitals’ parent organization can become profitable.

Partners announced in April that it planned to acquire three of Care New England’s four hospitals. The deal would involve taking on a financially floundering institution, which reported a $40 million operating loss in the first half of fiscal 2017.

Though Partners wouldn’t have to deal with…


Source: Boston Biz

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