Release Date: 07/16/2019
Important Message to Care New England from Charles R. Reppucci, chair, CNE Board of Directors & James E. Fanale, MD, president and CEO, Care New England
Yesterday, after careful deliberation, the CNE Board voted to formally withdraw from tri-party discussions with Lifespan and Brown University. CNE was an active and willing participant, meeting in good faith, as requested by Governor Raimondo. The discussions have been collaborative, mutually respectful, and held honestly and transparently. We would like to thank the Governor’s Office, The Rhode Island Foundation, and The Partnership for Rhode Island for their leadership throughout this important process.
As those responsible for the fiduciary oversight of CNE, the Board has concluded that it is in the best interest of CNE and the community it serves to end the tri-party discussions. In making this decision, the Board took into account many considerations, including but not limited to, capital requirements and financial stability of the combined system, community need, anti-trust considerations, organizational stability, and implementation risks.
CNE has implemented a remarkable turnaround with significant improvements. 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.
The Board, leadership, and dedicated staff of CNE are fully prepared for and look forward to the opportunities ahead for our system. We have exciting growth plans, clinical development opportunities, and plans for capital improvements. We also look forward to expanding our collaboration with Lifespan and Brown University on new clinical and academic opportunities. We are confident and optimistic about the future and our place as a leading health care institution in Rhode Island. As we move forward in our mission, we will continue to serve our patients with honesty, integrity, and clinical excellence.