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I'm pleased to announce that Waterbury Hospital is being acquired by UConn Health.
This will mark a massive reset to the ownership of prior owner Prospect Medical, which ran the hospital to the brink of closure.
Under a new hospital consolidation plan, Waterbury Hospital will be acquired by UConn Health for $13 million, while Hartford HealthCare will purchase two other Prospect Medical hospitals in the state -- Manchester Memorial Hospital and Rockville General Hospital -- for $86 million.
The sales stem from the bankruptcy of Prospect Medical, which has owned the three Connecticut hospitals since 2016 and filed for Chapter 11 in January due to heavy debts, unpaid taxes, and pension shortfalls.
The House of Representatives voted overwhelmingly in support of the sales during special session on Wednesday.
UConn Health, which operates John Dempsey Hospital in Farmington, is also exploring partnerships with Bristol Hospital and Day Kimball Hospital in Putnam.
This is a huge victory for the Waterbury area, which relies on Waterbury Hospital not only for healthcare, but also as a local source of employment.
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