The written memo from Mr. Keefe comes a week after Peter K. Markell, Partners’ executive vice president of administration and finance, CFO and treasurer, cited concerns about Care New England’s finances in an interview with the Boston Business Journal.
Mr. Markell told the Boston Business Journal that Partners would hold off on the acquisition until Care New England turns around its finances. Care New England is on track to lose $61 million this fiscal year, according to WPRI.
To shore up its finances, Care New England plans to sell Pawtucket, R.I.-based Memorial Hospital to Ontario, Calif.-based Prime Healthcare Foundation and merge its three other hospitals with Partners. Mr. Keefe noted that after the sale of Memorial, Care New England will not be weighed down.
“I remain confident we will be able to meet Partners’ expectations and perhaps exceed them,” Mr. Keefe wrote in the memo, according to WPRI.
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