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Yale New Haven looks to acquire 3 new hospitals

Yale New Haven (Conn.) Health made its case to the state's certificate-of-need committee on why the system should take over Waterbury (Conn.) Hospital, Manchester (Conn.) Memorial Hospital and Vernon, Conn.-based Rockville General Hospital, Hartford Business Journal reported March 26.

The three hospitals are struggling financially, and Yale officials believe the acquisition will help stabilize them. Prospect Medical Holdings owns the hospitals.

"This is an opportunity to stabilize the Prospect hospitals, but it won't be easy," Yale New Haven CEO Chris O'Connor said at the meeting. "This is a very difficult time for all Connecticut hospitals in the wake of the COVID-19 pandemic, and Yale New Haven Health is dealing with its own challenges."

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