Deborah Weymouth, CEO of Eastern Connecticut Health Network, pleads with Gov. Ned Lamont in a letter to expedite the sale of three Connecticut hospitals to Yale New Haven.
This week, two bipartisan members of the Senate Budget Committee launched an investigation into private equity and its impact on healthcare. They initiated the probe to get answers about “questionable financial transactions” that could be hurting care quality for patients at hospitals owned by private equity firms.
Prospect Medical Holdings bought three Connecticut hospitals in 2016. Since then, critics of the move say the group, funded by private equity, cut patient services and drew down hospital finances.