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Hartford HealthCare offers $86M for 2 Prospect Medical CT hospitals
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CT Mirror
Hartford HealthCare, one of the two largest health systems in Connecticut, has offered $86.1 million to purchase Manchester Memorial and Rockville General hospitals from Prospect Medical Holdings, the California-based operator that filed for bankruptcy protection in January.
ECHN Holdings Inc., a wholly owned subsidiary of Hartford HealthCare, will serve as the “stalking horse bidder” for the two hospitals in the court-supervised sale auction, according to court documents.
Prospect Medical Holdings paid $105 million when it purchased the two hospitals in 2016.
Hartford HealthCare currently owns a total of seven hospitals across the state, the most of any health system in Connecticut, and earned roughly $6 billion in revenue in 2023.
“For years we have been working hard to secure Rockville Hospital’s future and this is a major step towards that,” he said.
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'waterbury']