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Hospital Acquisitions Comparable to MLB Trades: Connecticut Official

Benjamin Barnes, the budget director of Connecticut, recently told the Journal Inquirer that some state nonprofit hospitals are comparable to MLB teams and players "as they approach the trading deadline."

MLB's trade deadline is today at 4 p.m. EDT, and similarly, many hospitals within Connecticut have been scrambling to trade themselves to a viable partner. Earlier this month, the Connecticut Office of Health Care Access said an affiliation between Danbury-based Western Connecticut Health Network and Norwalk (Conn.) Hospital is moving forward. In addition, William W. Backus Hospital in Norwich, and Hartford (Conn.) HealthCare have received approval on their merger plans.

At the same time, Gov. Dannel Malloy recently vetoed SB 992, which would have allowed for some for-profit companies to joint venture with state hospitals.

Mr. Barnes and others within Gov. Malloy's administration said for-profit joint ventures are not necessarily opposed — rather, any nonprofit provider becoming a for-profit would require "major pubic discussion," according to the Journal Inquirer.

More Articles on Hospital Transactions:
St. Mary's Good Samaritan, Clay County Hospital Sign Preliminary Merger Deal
4 New York Hospitals Look to Leave Stellaris Network
University of New Mexico, LHP Strike Joint Venture on Rehoboth McKinley

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