{"id":559779,"date":"2026-02-02T00:29:29","date_gmt":"2026-02-02T00:29:29","guid":{"rendered":"https:\/\/www.europesays.com\/us\/559779\/"},"modified":"2026-02-02T00:29:29","modified_gmt":"2026-02-02T00:29:29","slug":"ct-officials-approve-uconn-acquisition-of-prospect-owned-hospital","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/559779\/","title":{"rendered":"CT officials approve UConn acquisition of Prospect-owned hospital"},"content":{"rendered":"

The Connecticut Office of Health Strategy on Friday evening approved<\/a> a $13 million deal for the state\u2019s flagship medical institution \u2014 the University of Connecticut Health Center \u2014 to purchase Waterbury Hospital, one of three struggling hospitals owned by bankrupt hospital operator Prospect Medical Holdings.<\/p>\n

The approval marks yet another step towards concluding a lengthy search to find buyers for Prospect\u2019s Connecticut hospitals \u2014 a process that often seemed on the brink of failure.<\/p>\n

Last month, officials approved<\/a> Hartford HealthCare\u2019s takeover of Prospect\u2019s two other Connecticut hospitals, Manchester Memorial and Rockville General. The deal officially took effect<\/a> Jan. 1.<\/p>\n

\u201cI\u2019m confident we\u2019re moving toward a much stronger and brighter future for the facilities owned by Prospect,\u201d said Gov. Ned Lamont in a statement. \u201cUConn Health has shown real leadership by stepping up and prioritizing the health care needs of the Greater Waterbury community.\u201d<\/p>\n

Spokespeople for Prospect Medical Holdings and UConn Health did not immediately respond to a request for comment.<\/p>\n

The decision issued by OHS noted that UConn Health was the only bidder for Waterbury Hospital in the bankruptcy court-run auction, and that the hospital would likely close if the agency denied the transaction.<\/p>\n

In 2022, Prospect signed a deal to sell its three Connecticut hospitals \u2014 Manchester Memorial, Rockville General and Waterbury \u2014 to Yale New Haven Health for $435 million. But the deal was mired in setbacks and litigation.<\/p>\n

In August 2023, a cyberattack<\/a> crippled operations at Prospect\u2019s facilities around the country. In 2024, Yale New Haven Health and Prospect Medical sued<\/a> and countersued<\/a> each other over the true value of the hospitals. In January 2025, Prospect filed<\/a> for bankruptcy and, by the following month, Yale officials said a deal appeared \u201cimpossible.\u201d<\/a><\/p>\n

In September, Yale agreed to pay $45 million<\/a> to Prospect to end all disputes over the hospitals\u2019 sale.<\/p>\n

Over the years the Yale deal was pending, Lamont and OHS received broad criticism for the lengthy approval process. That led state legislators to approve a measure<\/a> last year that allows for an expedited timeline for the acquisition of hospitals that have filed for bankruptcy.<\/p>\n

The approval of UConn Health\u2019s acquisition of Waterbury Hospital marks the second deal reviewed under the expedited \u201cemergency certificate of need\u201d process, which requires the state to issue a decision within 60 days of when the application is deemed complete. Hartford HealthCare\u2019s purchase of Manchester Memorial and Rockville General was the first.<\/p>\n

OHS imposed certain conditions on the approval. UConn Health must maintain all services for a minimum of three years, including women\u2019s health and reproductive services.<\/p>\n

In addition to spending $13 million to purchase the hospital, UConn Health also plans to invest $250 million into Waterbury Hospital \u201cand its affiliates and subsidiaries\u201d in the five years after the acquisition.<\/p>\n

During a special legislative session in November, Connecticut lawmakers approved<\/a> $390 million in bonding to support the capital improvements. The debt will be added to the \u201cUConn 2000\u201d bonding package, the state\u2019s financing program for capital projects at the University of Connecticut.<\/p>\n

Katy Golvala is a reporter for the Connecticut Mirror. Copyright 2026 @ CT Mirror (ctmirror.org).<\/p>\n","protected":false},"excerpt":{"rendered":"The Connecticut Office of Health Strategy on Friday evening approved a $13 million deal for the state\u2019s flagship…\n","protected":false},"author":3,"featured_media":559780,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[35],"tags":[63676,71519,2738,59420,7000,210,1141,158388,1142,6478,728,201814,244514,244515,26523,23320,67,132,12569,68,157984],"class_list":["post-559779","post","type-post","status-publish","format-standard","has-post-thumbnail","category-health-care","tag-certificate-of-need","tag-con","tag-connecticut","tag-courant","tag-ct-news","tag-health","tag-health-care","tag-health-center","tag-healthcare","tag-hospital","tag-local-news","tag-max-image-preview","tag-ohs","tag-prospect-medical","tag-purchase","tag-uconn","tag-united-states","tag-unitedstates","tag-university-of-connecticut","tag-us","tag-waterbury"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115998213122877790","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/559779","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=559779"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/559779\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/559780"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=559779"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=559779"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=559779"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}