Brown University Health bought St. Anne’s Hospital in Fall River, shown, and Morton Hospital in Taunton for $175 million in 2024. The two Massachusetts hospitals formerly owned by Steward Health Care are causing the health system to lose money. (Photo by Ken Castro/Rhode Island Current)
Six weeks ago, it was clear that Rhode Island’s largest health system stood on rocky financial ground when it contemplated closing the Newport Hospital birthing center.
What executives at Brown University Health didn’t say at the time: Its Rhode Island hospitals and physician groups are performing quite well. Brown Health posted a $28.4 million profit for its Rhode Island business in the third quarter of fiscal 2025, up 68% over a year ago, according to financial results published Wednesday. The third quarter ended June 30…