Nashville, Tenn.-based Essent Healthcare bought Sharon Hospital in 2002, making the former non-profit hospital Connecticut’s first and only for-profit hospital, the report said. After roughly $40 million in capital investments, Sharon Hospital began recording profits. Prior to its sale, it lost $16 million in six years.
Plano, Texas-based LHP Hospital Group is set to become the second for-profit hospital operator in the state, as it will oversee the potential merger between Waterbury (Conn.) Hospital and Saint Mary’s Hospital, also in Waterbury.
Related Articles on Connecticut Hospitals:
Connecticut’s St. Francis Hospital Improves Safety Through Checklist Training
Connecticut’s Waterbury Hospital, St. Mary’s Health to Merge Under JV With LHP
Connecticut’s Stamford Hospital Begins $575M Construction Project
Becker’s 3rd Annual Fall Chief Pharmacy Officer Summit is the top tier event that the people leading the future of pharmacy convene. This 3-day event is built specifically for Chief Pharmacy Officers and senior pharmacy leaders. The sessions examine the workforce, financial and clinical priorities shaping pharmacy today. Becker’s is where candid discussions flourish and new ideas thrive. Becker's 3rd Annual Fall Chief Pharmacy Officer Summit
