WATERBURY, Conn. (AP) _ Greater Waterbury Health Network has reached an agreement to sell Waterbury Hospital to a Los Angeles-based company.

Darlene Stromstad, the health network’s chief executive officer, tells the Republican-American newspaper that officials signed a letter of intent on Friday to sell its assets to Prospect Medical Holding Inc.

She says Saint Mary’s Hospital was not invited to join the deal.
Terms of the agreement have not been released.

It comes five months after Tenet Healthcare Corp. backed out of deal to acquire Waterbury, Saint Mary’s, and three other hospitals in the state.

Prospect owns 13 hospitals and 40 clinics and outpatient centers in California, Rhode Island, and Texas.
Waterbury Hospital has 176 beds and an operating budget of $270 million.

(© Copyright 2015 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)

Comments

Leave a Reply

Please log in using one of these methods to post your comment:

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More From CBS Connecticut

Updates From UCONN Country
Storm Center: Latest School Closings

Listen Live