BRIDGEPORT: A report late Thursday, February 23 in the Connecticut Post revealed that management at Bridgeport’s St. Vincent's Hospital has told employees that a merger or sale of the hospital was possible.
No official actions have been filed with the state, but employees were given a heads up last week at employee, management “town hall” meetings.
According to the Post, Dianne Auger, senior vice president and chief strategy officer at the hospital and president and CEO of the St. Vincent’s Medical Center Foundation, told employees, “we are exploring a variety of strategic options for St. Vincent’s.”
The St. Vincent's Medical Center is a 473-bed acute care Catholic hospital in Bridgeport, and with 3,700 hundred employees, it is the city’s largest employer.
New Haven’s former Catholic Hospital, Saint Raphael’s was purchased by the Yale New Haven Health System in 2012. The Yale system owns the 425 bed 2,300 employee Bridgeport Hospital.
Officials at Yale would not comment on any discussion they may have had with St. Vincent’s.
In September the state of Connecticut gave the go ahead for Yale’s purchase of New London’s Lawrence+Memorial Hospital, after Governor Dannell Malloy relented having previously declared a “moratorium” on hospital mergers.
In addition to Yale there are at least three potential suitors for St. Vincent’s.
Trinity Health New England, the Catholic hospital group includes Hartford’s Saint Francis Hospital, Waterbury’s Saint Mary’s, Mercy Medical Center in Springfield Mass., and Johnson Memorial Hospital in Stafford Springs. Trinity Health, New England is part of the larger Trinity Health, one of the largest multi-institutional Catholic health care delivery systems in the nation. It serves communities in 22 states with 92 hospitals. Based in Livonia, Mich., it has annual operating revenues of $15.9 billion and assets of $23.4 billion.
Another possible purchaser is the Hartford Healthcare System which includes; Hartford Hospital, the Hospital of Central Connecticut in New Britain, Backus Hospital in Norwich, Windham Hospital, and Mid State Medical in Meriden.
Prospect Medical Group is a private for profit company that owns or operates 21 hospitals, as well as 140 clinics and outpatient centers. In October, 2016 it purchased the Waterbury Hospital, the Eastern Connecticut Health Network, including Rockville General Hospital and Manchester Memorial Hospital in a transaction totaling $335 million.
The Connecticut Post report can be found at this link: