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
