Yale New Haven Health Completes Acquisition of CT Hospitals

Yale New Haven Health Completes Acquisition of CT Hospitals

Yale New Haven Health, one of the largest health systems in Connecticut, has finalized an agreement to acquire a set of hospitals from Los Angeles-based Prospect Medical Holdings, Inc. But there are a few more complicated details of this deal we need to run through.  Prospect Medical Holdings is selling the operations of the hospitals, related businesses, real estate assets, physician clinic operations and outpatient services of Waterbury Health, Manchester Memorial Hospital and Rockville General Hospital. However, Prospect is acquiring the real estate of those hospitals from Medical Properties Trust, Inc. (MPT) for $457 million,  the approximate amount MPT paid for the hospitals... Read More »