Saint Mary's Hospital

An Update on the Proposed Joint Venture with Waterbury Hospital, LHP Hospital Group and Saint Mary's Hospital

As 2011 draws to a close, progress continues to be made in the proposed Joint Venture between Waterbury Hospital, Saint Mary’s Hospital and LHP Hospital Group – a transaction that, once completed, promises to transform the healthcare landscape and ensure quality patient care in Greater Waterbury for generations to come. The goal, as always, is to relieve the financial burdens that currently exist at both of the hospitals in Waterbury by partnering with LHP to build a new $400 million medical center. A transaction such as this is extremely complex and painstaking, however, so the hospital asks everyone to be patient as the process continues on its course. Here is a quick review of where things stand:

• Waterbury Hospital, as well as LHP and Saint Mary’s, is working closely with state officials at all levels to stay on track with the regulatory process required for the transaction to go forward. At the moment, Waterbury Hospital is preparing the Certificate of Need (CON) documentation that will be required for approval from the state Office of Health Care Access and the state Attorney General’s Office. A similar CON filed earlier in the year by Saint Mary’s and LHP is currently under review. This regulatory process could take several months before coming to a conclusion.

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