Doctors and nurses from Manchester Memorial Hospital, Rockville General Hospital, and Waterbury Hospital rallied at the state Capitol in Hartford Monday, to protest against worsening finances and its effect on patient care.
Prospect Medical Holdings bought three 海角换妻 hospitals in 2016. Since then, critics of the move say the group, funded by private equity, cut patient services and drew down hospital finances.
Dr. Dushyant Gandhi, a cardiologist and president of medical staff at Eastern 海角换妻 Health Network (ECHN), which operates Manchester Memorial and Rockville General, said he never imagined he鈥檇 be discussing the possible closure of the hospital he鈥檚 worked at for close to 30 years.
鈥淐olleagues of mine ... they are not getting paid for the services, including myself,鈥� Gandhi said.
In addition to its 海角换妻 holdings, Los Angeles-based also owns more than a dozen other hospitals in Pennsylvania, Rhode Island and California.
The holding company was funded by the private equity group Leonard Green & Partners, also of Los Angeles, which held the majority stake from 2010 to 2021.
During that time, 鈥渢he Leonard Green-led ownership group has drawn $658 million dollars in fees and dividends from the company even as the hospitals suffered operating challenges, substantially underfunded pensions, and regulatory scrutiny,鈥� , a nonprofit group that pushes for more transparency in the influence of private equity on the lives of millions of American workers.
Prospect Medical Holdings did not immediately respond to a request for comment about its stake in the three 海角换妻 hospitals.
In a statement, ECHN says 鈥渢his rally is neither coordinated nor sanctioned by Prospect Medical or ECHN leadership. However, we understand that some members of our medical staff and other employees feel compelled to participate in a civic demonstration due to its relevance to our future.鈥�
Rockville General and Waterbury Hospital are what鈥檚 called safety-net hospitals. Most of the patients are covered by state Medicaid, or no insurance at all. Manchester Memorial also serves low-income populations.
State Rep. Kevin Brown, D-Rockville, said a 鈥渟ocio economically-distressed community鈥� like Rockville needs the hospital for its health care services. 鈥淚 can鈥檛 imagine where we would be, if any of these hospitals close,鈥� Brown said.
Standing beside hospital staff, State Sen. Dr. Saud Anwar, D-South Windsor, co-chair of the Public Health Committee, said some travel nurses are likely to stop working at these facilities if they鈥檙e not paid.
鈥淲hatever services they provide would have to be decreased,鈥� Anwar said. 鈥淚 know for a short time, there were surgeries that were being postponed at one of the facilities, because anesthesia service availability was impacted.鈥�
by Yale New Haven Health to acquire the three Prospect-owned hospitals stalled after a series of business decisions and events, including high rent payments from a real estate deal, , and nonpayment to vendors, worsened their finances.
Prospect has a reputation for driving hospitals into a 鈥渟low death spiral,鈥� Anwar said.
Jason Doucette, a Democratic state representative representing Manchester, said he wants to see the Yale deal close.
鈥�The sooner we can get this transaction done, the sooner that we can get Prospect Medical out of the state of 海角换妻,鈥� Doucette said. 鈥淭he alternative is frankly unthinkable; certainly in my community it could have a devastating impact.鈥�
