It's Official: Waterbury Hospital Merger Called Off
After a year of talks, a problematic proposed hospital merger in Waterbury, CT, is off the table. This proposed deal involved a for-profit partner – LHP Hospital Group -- out of Texas that originally approached St. Mary’s Hospital in Waterbury, a Catholic facility owned by the local diocese. When officials of the only other hospital in Waterbury – secular Waterbury Hospital -- heard about the talks, they asked to join. The new deal would have culminated with the building of a replacement hospital in 5 years. Even though LHP would have owned 80 percent and Waterbury and St. Mary’s would each own just 10 percent, the joint venture’s new facility would have been operated under the Catholic Ethical and Religious Directives (ERDs).