The Connecticut Office of Health Strategy held a public hearing for Yale New Haven Health’s application to acquire Waterbury, Manchester Memorial and Rockville General hospitals, currently owned by Prospect Medical Holdings, the CT Mirror reports.
“This acquisition offers the opportunity to financially stabilize the hospitals so that they can continue to provide needed services to their communities and an opportunity to enhance quality of available care,” read a presentation by Christopher O’Connor, chief executive officer of Yale New Haven, the largest hospital system in Connecticut by revenue.
O’Connor and chief clinical officer Thomas Balcezak said Yale ownership would benefit the hospitals’ patients by giving them access to Yale physicians closer to home, enhanced quality of care and more generous financial assistance policies.
Even with concerns of higher prices and service cuts that hospital acquisitions bring, members of the public testified overwhelmingly in support of the proposed deal, saying that Yale’s resources would provide much-needed stability and high quality care. Read more.
