Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

Prospect Medical Holdings eyes deal with Connecticut hospital

Prospect Medical Holdings, a for-profit hospital operator based in Los Angeles, is exploring an affiliation with Day Kimball Healthcare, a single-hospital system based in Putnam, Conn., according to the Hartford Business Journal.

The organizations said Day Kimball Healthcare would keep its nonprofit status if the deal, which requires regulatory approval, closes.

"An affiliation with Prospect would strengthen the level of care and provide Day Kimball with the support it requires to continue to provide high quality care and to invest in and expand its facilities, staff and services," Joseph M. Adiletta, Day Kimball's board chairman, said in a statement to the Hartford Business Journal.

The organizations plan to enter into a definitive agreement this fall, according to the report.

More articles on healthcare industry transactions:

Hospital M&A update: 6 latest deals
Shuttered Tennessee hospital sells for $200K
Kentucky health system acquires 13th hospital

© Copyright ASC COMMUNICATIONS 2020. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Featured Webinars

Featured Whitepapers