Debt, Cyberattack Threaten Yale New Haven Acquisition of Prospect Hospitals in CT

The CEO of Derby, CN-based Griffin Hospital warned Gov. Ned Lamont that the debt burden of the hospital’s parent company, Prospect Medical Holdings, and a recent cyberattack could complicate a potential sale to Yale New Haven Health, Becker’s reports.

Griffin Hospital CEO Patrick Charmel told the governor that the hospital has been awaiting money from Prospect to pay their vendors. He said that the debt was over $40 million. In August, Prospect Medical Holdings’ facilities were hit by a cyberattack that caused a disruption in some services.

In 2022, Yale New Haven Health announced that it had signed an agreement to acquire Prospect’s Connecticut facilities. The sale has not been completed. Read more.

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