Yale New Haven Health and Prospect Medical Holdings today announced an agreement for YNHHS to acquire two Connecticut health systems from Prospect. The agreement also includes the health systems’ related businesses, real estate assets, physician clinic operations and outpatient services, and it is subject to customary regulatory approvals, with both organizations targeting completion of the transaction later this year. Under the letter of intent, YNHHS is to purchase the assets and operations associated with these hospitals:
- Waterbury Hospital in Waterbury, CT, with 357 certified beds
- Manchester Memorial Hospital in Manchester, CT, with 249 certified beds
- Rockville General Hospital in Vernon, CT, with 102 certified beds
Manchester and Waterbury, with approximately 2,900 employees, would return to not-for-profit status, providing continued access to care at their campuses and outpatient care locations. The related real estate assets of the hospitals are to be released from the existing master lease agreement between the real estate owner and Prospect. Read more.
