Yale New Haven Health System (YNHHS) has signed an agreement to acquire two Connecticut-based health systems from Prospect Medical Holdings Inc. The financial terms of the transaction were not disclosed.
YNHHS is acquiring Waterbury Hospital in Waterbury, Manchester Memorial Hospital in Manchester and Rockville General Hospital in Vernon. The related real estate assets of the hospitals are to be released from the existing master lease agreement between the real estate owner and Prospect.
YNHHS said the three hospitals would be affiliated with its organization through a relationship similar in nature to Greenwich and Bridgeport Hospitals.
“As we begin to emerge from an international pandemic that has devastated many hospitals across this nation, it is critical that we think creatively about sustaining local access to high quality care,” said Marna P. Borgstrom, CEO of YNHHS. “Innovation has become a watchword for a post-pandemic healthcare environment, and we are all exploring clear opportunities to enhance access to high-quality care while driving down costs. While this is at a very early stage, our goal is to sustain critical access to vital healthcare services directly in these local communities.”
