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Lifespan to contribute $2.4M to Providence

May 1, 2012
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PROVIDENCE, R.I.—Lifespan has become the first hospital system in Providence to make voluntary contributions to the city in lieu of taxes under a deal the mayor calls "groundbreaking."

Mayor Angel Taveras announced Monday night that Lifespan will contribute $800,000 annually to Providence for three years. He has been seeking more in voluntary payments from the city's largest tax-exempt institutions.

Taveras says he hopes the agreement will prompt other hospitals to contribute financially to the capital, which has been struggling to close a $20 million deficit for the remainder of the fiscal year.

Scott Laurans, chairman of the Lifespan board of directors, says Lifespan recognizes that a financially sound Providence is critical to the state's overall fiscal health.

Lifespan's facilities include Rhode Island Hospital, Miriam Hospital and Hasbro Children's Hospital.

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