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Top hospital group Lifespan paid CEO over $3 million in 2021

Summary by Ground News
Rhode Island Hospital parent corporation Lifespan paid nearly $3.2 million to its then-president and CEO in 2021. That was a pay cut compared with Babineau's compensation package in 2020, which totaled $ 3.9 million thanks in part to a $768,000 bonus. After nearly a decade in the job, Babineul stepped down unexpectedly in June 2022. The nonprofit health system posted an operating profit of $89 million during the 2021 fiscal year.

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WPRI 12WPRI 12
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Top hospital group Lifespan paid CEO over $3 million in 2021

PROVIDENCE, R.I. (WPRI) — Rhode Island's biggest hospital groups continued to pay big salaries to their millionaire chief executives during the second year of the pandemic, according to IRS filings newly obtained by Target 12. The tax documents reveal that Rhode Island Hospital parent corporation Lifespan paid nearly $3.2 million to its then-president and CEO, Dr. Timothy Babineau, in 2021. That was a pay cut compared with Babineau's compensatio…

·East Providence, United States
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WPRI 12 broke the news in East Providence, United States on Thursday, September 21, 2023.
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