Healthcare DIVE June 10, 2024
The health systems have been at odds over the deal, which was first announced in 2022.
Dive Brief:
- The battle over what to do with three Prospect Medical Holdings-owned hospitals in Connecticut heated up last week after Prospect sued the hospitals’ would-be buyer, Yale New Haven Health, alleging the health system had “actively worked to prevent” the deal closing in a bid to get a lower purchase price.
- Yale signed a binding agreement to acquire three hospitals from Prospect in 2022 for $435 million. However, the health system alleges Prospect has neglected the properties since that time, driving the facilities into “dire” conditions. Last month, Yale filed its own suit to get out of the deal.
- Now Prospect is...
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