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Tenet to renew talks over major hospital deal in Connecticut

Dallas-based Tenet Healthcare has accepted Connecticut Gov. Dannel Malloy's offer to once again begin negotiating the terms of a transaction that involves the for-profit hospital operator acquiring five hospitals in the state, according to an NBC Connecticut report.

Tenet planned to acquire five Connecticut hospitals: Waterbury Hospital, Bristol Hospital, Saint Mary's Hospital in Waterbury, and Eastern Connecticut Health Network, based in Manchester, which owns Rockyville General in Vernon and Manchester Memorial.

However, in December 2014, Tenet called off the deal due to proposed conditions state regulators put on its purchase of Waterbury Hospital.

After the transactions were cancelled, 40 Connecticut lawmakers urged Gov. Malloy to step in and try to get Tenet to reconsider its decision.

Although Tenet has agreed to renew negotiations, Tenet President and CEO Trevor Fetter told Gov. Malloy the deal will be called off again if the company doesn't get a satisfactory agreement, according to The Republican-American.

More articles on healthcare transactions:

2015 could be a busy year for hospital deals
5 recent hospital transactions and partnerships
Banner Health, University of Arizona Health Network merger could close Feb. 27

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