Yale New Haven Health announced Thursday it will buy hospitals in Manchester, Rockville and Waterbury, two medical groups and a visiting nurse service, prompting warnings of greater health care consolidation in Connecticut, The Hartford Courant reports.
Financial terms were not disclosed.
The long-awaited agreement comes eight months after Yale New Haven Health and Prospect Medical Holdings Inc. announced they were pursuing a deal.
Yale New Haven Health will roll up Waterbury Hospital, Manchester Memorial Hospital and Rockville General Hospital in Vernon with a combined 708 beds. Yale New Haven Health also will acquire Prospect Provider Group of Connecticut, which includes Alliance Medical Group, ECHN Medical Group and Visiting Nurse and Health Services of Connecticut.
Eastern Connecticut Health Network, which operates Manchester Memorial Hospital, and Waterbury HEALTH, which runs Waterbury Hospital, have a combined 4,400 employees and would return to not-for-profit status. Read more.
