Becker's Healthcare October 18, 2024
Los Angeles-based Prospect Medical Holdings and Yale New Haven (Conn.) Health are taking shots at one another amid a monthslong legal battle and public dispute that centers around Yale’s proposed acquisition of three Prospect hospitals in Connecticut.
YNHHS had planned to purchase the hospitals from Prospect for $435 million but in May sued to get out of the deal. The health system alleges Prospect engaged in irresponsible financial practices and breached its contract by not paying rent and taxes on time, letting the hospitals deteriorate.
Prospect quickly filed a countersuit demanding that YNHHS honor its contractual obligations to acquire the hospitals, which include:
- Waterbury Hospital
- Manchester Memorial Hospital
- Rockville General Hospital (Vernon)
Prospect has accused YNHHS...
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