The Federal Trade Commission cleared a deal making Hospital of Central Connecticut, New Britain, part of Hartford (Conn.) HealthCare, the organizations announced.
FTC lets Conn. deal proceed
Hartford HealthCare President and CEO Elliot Joseph said he expects the deal to be effective Feb. 1. A memorandum of understanding was signed in August 2009, and the state attorney general and Office of Health Care Access approved the acquisition last year.
Joseph attributed the delay in federal antitrust approval to the timing of the application, which he said pitted the Obama administration's interest in integrated care against a commitment to stepped-up scrutiny of hospital consolidation by the FTC.
Clarence Silvia will remain as president and CEO of two-campus, 318-bed Hospital of Central Connecticut. The organizations intend to adopt shared information-technology platforms and work toward “a more coordinated, less fragmented experience for patients as they receive care at all of our sites,” Joseph said.
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