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Consumer health care costs will not change with Lifespan-CNE merger, Brown University president says


Consumer health care costs will not change with Lifespan-CNE merger, Brown University president says
The merged system would provide better care without increasing costs, she said, but effective low-cost care is not in the cards
By Alexa Gagosz Globe Staff,Updated April 9, 2021, 1:00 p.m.
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Brown University President Christina H. Paxson.Brown University
PROVIDENCE — The anticipated merger between Rhode Island’s two predominant health care systems has long worried critics, who have said that a merger of this scale would lead to an increase in the cost of care. But on Friday, Brown University President Christina H. Paxson said she doesn’t think that’s going to happen in the case of Lifespan Corporation and Care New England. ....

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GoLocalProv | RI Healthcare Curveball: Ruggerio to Introduce Bill to Place Moratorium on For-Profit Hospitals


Senate President Ruggerio PHOTO: GoLocal
As the wheeling and dealing in the hospital industry in Rhode Island heats up Senate President Dominick Ruggerio on Tuesday will file legislation that would impose a one-year moratorium on hospital conversions involving for-profit corporations as the seller or the buyer.
This proposed legislation would impact CharterCARE and potentially block the efforts of StoneBridge to purchase Care New England. 
Care New England owns and operates Woman & Infants, Kent and Butler hospitals among its assets.
Since the early fall, Care New England has been in merger negotiations with Lifespan this is the fourth round of merger negotiations between the two over the past 20 years. Over the past years, Care New England has also had failed merger negotiations with South Coast and Boston healthcare giant Partners now rebranded Mass General Brigham. ....

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Rhode Island Senate President Ruggerio bill would place moratorium on for-profit hospitals


President of the Senate Dominick J. Ruggerio today filed legislation (2021-S 0007) that would impose a one-year moratorium on hospital conversions involving for-profit corporations as the acquiree or acquiror.
“The questions swirling around the financial instability of Fatima and Roger Williams hospitals stem in no small part from their for-profit status,” noted President Ruggerio. “Public allegations have been made that the hospital network they are a part of has incurred over a billion dollars in debt, and that the owners have personally taken over $500 million in dividends. They are insolvent and headed for bankruptcy, according to allegations made in court filings.” ....

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