Overview

• UConn Health said it will submit a bid for Waterbury Hospital as part of Prospect Medical Holdings’ Chapter 11 process.
• Talks continue with Bristol Hospital and Day Kimball Hospital, and no letters of intent or final structures have been signed.
• Sources report a package under consideration near $400 million, with state leaders weighing bonded financing and legislators urging the state to take on debt service.
• Any transactions would require sign-offs from UConn’s governance bodies and the bankruptcy court, and Waterbury’s real estate would need to be acquired from a separate REIT owner.
• State officials frame the effort as preserving community access to care and strengthening UConn Health after years of losses, while union leaders have voiced support and the earlier Yale New Haven deal collapsed in litigation.