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Merger will save Connecticut hospital, lawmakers say

Milford (Conn.) Hospital entered merger talks with Bridgeport (Conn.) Hospital, part of Yale New Haven Health, last year. This week, state lawmakers said the future of Milford Hospital depends on the deal closing, according to Patch.

On March 27, Reps. Kim Rose, Charles Ferraro and Kathy Kennedy joined Sen. James Maroney to give public testimony in favor of the merger to the Connecticut Office of Health Strategy.

During their remarks, the lawmakers emphasized the importance of keeping Milford Hospital open and how the merger would help ensure its long-term financial stability.

"Milford Hospital is an important asset for area residents," Mr. Ferraro said, according to the report. "Losing Milford Hospital would have a significant impact on our communities. The transfer of ownership will save hundreds of jobs, protect the retirements of former employees, and means area residents can get quality healthcare right in our backyards. I hope this transfer is approved."

The merger agreement, which is undergoing regulatory review, calls for all current Milford Hospital employees to become Bridgeport Hospital employees.

"For almost a century, Milford Hospital has been a pillar in our community, caring for us and our neighbors, and employing our friends and family," Mr. Maroney said, according to the report. "This partnership is necessary to save Milford Hospital and the jobs of its hard-working staff, who work tirelessly to save the lives of individuals in our community every day."

More articles on healthcare industry transactions:

Northern Light Health may grow to 10 hospitals
Mississippi hospital secures 3rd owner in 2 years
Ascension buys Florida hospital, plans $47M investment

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