There's been a lot of activity in Connecticut's healthcare industry lately. The mergers, acquisitions and lawsuits are enough to make your head spin.
The latest move -- Yale New Haven's proposed acquisition of three community hospitals and their related operations currently owned by Prospect Medical Holdings -- raises questions.
To wit:
The three facilities, Rockville General Hospital, Manchester Memorial Hospital, and Waterbury Hospital, will revert to nonprofit status if the deal is approved by the state Office of Health Care Access ...
On its face, this looks like a promising development. As the Courant has pointed out, a ProPublica investigation from 2020 found the Prospect system, which includes some 17 hospitals and more than 165 clinics and outpatient centers, “was riddled with poor and unsanitary conditions in its hospitals and lawsuits against [its] hospitals for fraudulent Medicare and Medicaid claims.” Not surprisingly, a private equity group, Leonard Green & Partners, owns a majority stake in Prospect.
Read more ...
Terry Cowgill looks at the pros and cons of the latest three-facility skirmish in the state's health system wars. #opinion https://t.co/rvFTN8i6Qg
— ctnewsjunkie (@ctnewsjunkie) February 14, 2022
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