Becker's Healthcare March 14, 2023
Tewksbury, Mass.-based Covenant Health has called off its plan to acquire Day Kimball Healthcare, a health system based in Putnam, Conn., The Connecticut News Project reported March 14.
Day Kimball, an independent system that includes a hospital, medical group, home care, hospice and palliative care, saw the proposed transaction as a way to maintain its financial viability, but is now forced to revisit the drawing board.
“Obviously we are incredibly disappointed,” Day Kimball CEO Kyle Kramer told the publication. “The reality is that this is a shock to us, and we obviously will be evaluating our next steps carefully, but we remain committed to continuing to serve as a strong employer and serving the health care needs of our region.”
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