Hospital Bosses — 22 Who Made a Difference in 2022

Hospital Bosses — 22 Who Made a Difference in 2022

Timothy Babineau and James Fanale resigned as the respective CEOs of Lifespan and Care New England. The two hospital groups tried an ill-fated merger that was rejected by both federal and state regulators — the Federal Trade Commission and the Rhode Island Attorney General, Peter Neronha.

Both hospital groups recorded massive financial losses in the past fiscal year. Lifespan lost $77 million, and Care New England lost $34 million -- even after selling more than half a dozen properties and parcels in the Jewelry District to Brown University.

Fanale had taken the helm in 2017.

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Under Fanale’s tenure, Care New England was in constant distress. He closed Memorial Hospital in Pawtucket. There were a series of failed sales and proposed mergers with South Coast, Partners, and Lifespan. And, his biggest legacy may be the massive losses he piled up.

Care New England’s Kent Hospital was the subject of an investigative story in the Washington Post for its failed response to COVID.

Babineau’s tenure at Lifespan was longer — more than a decade, and there was great hope.

But like Fanale, Babineau’s focus was often on deal-making over healthcare improvement.

Now, new bosses are in place in both hospital groups. Let’s see what the future holds.