Summary
UConn Health has submitted a bid to take over Waterbury Hospital after its parent company, Prospect Medical Holdings, filed for bankruptcy. This move aims to continue the hospital's operations without interruption and secure healthcare access in the region. Connecticut Governor Ned Lamont supports the bid, indicating it will protect jobs and maintain healthcare quality.
Key Facts
- UConn Health submitted a bid to acquire Waterbury Hospital.
- Prospect Medical Holdings, the current owner, filed for bankruptcy.
- UConn Health plans to keep the hospital operational and safeguard jobs.
- Connecticut's Attorney General criticized Prospect for poor management and financial practices.
- The purchase bid includes $13 million in cash and $22 million in assumed debts.
- UConn Health's acquisition would expand the state's public healthcare infrastructure.
- The hospital maintains services while legal and financial matters are resolved.
- An auction for the hospital is scheduled for November 17, if no other bids are made by November 14.
