UConn Health Plans 250 Mn Dollar Investment In Waterbury Hospital

The upcoming investment is expected to directly support technology upgrades, equipment, deferred maintenance and other operational needs.

UConn Health is preparing a 250 million dollar investment in Waterbury Hospital over the next five years, marking one of the state’s most significant moves to stabilise a major care provider.

The plan follows approval from the Connecticut General Assembly for UConn Health to purchase the hospital, part of Prospect Medical Holdings.

The approval came after UConn submitted a 13 million dollar bid to take over the Waterbury facility. The upcoming investment is expected to directly support technology upgrades, equipment, deferred maintenance and other operational needs.

“This investment will revitalize the hospital, modernize critical systems and expand access to high-quality care,” said Andrew Agwunobi, executive vice president for health affairs and CEO of UConn Health.

“Our focus is on building a stable, patient-centered future — one rooted in public accountability, job preservation and strengthened services for the community in the fifth largest city in the state.”

Prospect Medical previously owned three hospitals in Connecticut, including Waterbury, and has been moving to offload its facilities after seeking Chapter 11 protection in January.

In late October, Hartford HealthCare secured an 86.1 million dollar bid for Prospect Medical’s Manchester Memorial Hospital and Rockville General Hospital.

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