CT presents draft settlement in YNHH-Prospect hospitals sale

CT presents draft settlement in YNHH-Prospect hospitals sale

CT Mirror

November 30, 2023

State officials have presented a draft settlement agreement to parties involved in Yale New Haven Health’s bid to purchase three Connecticut hospitals owned by Prospect Medical Holdings, and hospital executives are exchanging proposals with the state, a spokeswoman for Office of Health Strategy told The Connecticut Mirror. ... Dana Marnane, a spokeswoman for Yale New Haven Health, confirmed that settlement proposals were exchanged and that hospital officials are “engaged in discussions” with the state. ... Representatives for Prospect Medical and Eastern Connecticut Health Network, which owns Manchester Memorial and Rockville General hospitals, could not immediately be reached for comment Thursday. A spokeswoman for Waterbury Hospital declined to comment. ... Hospital leaders agreed last month to keep the negotiations with OHS confidential. They have been meeting regularly and are scheduled to meet again next week, sources said. ... Records show that the acquisition has already taken longer to gain state approval than several other Connecticut hospital mergers. ... Meanwhile, as the months pass, hospital executives, legislators and local officials say the threat of closure is growing, with the Prospect hospitals owing tens of millions of dollars to vendors and physicians and in taxes.