The approval comes with 21 conditions, but none of them appears to be a deal-breaker for Prospect. This has been a long time coming for Waterbury Hospital, which has been searching for a capital partner for years and had to watch deals with LHP Hospital Group and Tenet Healthcare blow up over various issues.
You can read the final decision here.
Congratulations to Greater Waterbury Health Network President and CEO Darlene Stromstad. We know how difficult this process has been, but your hard work has finally paid off and you deserve a lot of credit!
And welcome to Greater Waterbury, Prospect Medical Holdings. The Chamber and its Health Care Council hope to work with you in the future.