The proposed merger agreement, which is estimated to cost the state $50 million annually in debt service and $13 million annually in labor costs, was recently rejected by Connecticut Gov. Jodi Rell.
Under the proposed agreement, Hartford Healthcare would assume UConn’s debts, but the state would be responsible for the cost of building a new $427 million facility to replace UConn’s John Dempsey Hospital in Farmington, Conn., which is "outdated and inadequate for current medical standards," according to the report.
Members of the legislature’s finance committee have recommended the $50 million bonding effort. However, Gov. Rell controls the agenda of the state’s bond commission and will have control over whether or not the project is finalized.
Read the Hartford Courant’s report on the UConn Health System bond recommendation.
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