Talks between Day Kimball Healthcare and Prospect Medical Holdings, a California-based, for-profit hospital chain, over a partnership agreement have collapsed.
Day Kimball Healthcare is exploring a partnership with a California-based, for-profit company that owns three Connecticut hospitals and has been cited for lapses in treatment across several of its facilities.
The consolidation of the hospital industry progressed Wednesday as state regulators gave tentative approval to the $105 million purchase of Manchester Memorial and Rockville General hospitals by Prospect Medical Holdings, a for-profit hospital chain based in Los Angeles.
The parent company of Manchester Memorial and Rockville General hospitals announced plans Friday to be acquired by Prospect Medical Holdings, a for-profit, Los Angeles-based company already in the process of acquiring Waterbury Hospital.
Waterbury Hospital has plans to be acquired by a private Los Angeles-based health care company, the latest move in the hospital’s quest for long-term stability.