June 8, 2018

Milford, Bridgeport hospitals explore merger

File Photo
File Photo
Milford Hospital and Bridgeport Hospital are considering a merger

Financially struggling Milford Hospital is considering a merger with Yale New Haven Health's Bridgeport Hospital, a move that would expand the footprint of the state's largest health care system.

Boards of trustees at both hospitals have voted to "explore a broad integration" of the two health care facilities, the hospitals said in a joint statement this week.

Under the proposal, which needs state and federal regulatory approval, Bridgeport Hospital would acquire Milford Hospital and absorb all employees.

The hospital would continue to recognize existing labor union agreements, the statement said.

"Our goal is to not only ensure the long-term viability of Milford Hospital but to develop an approach that would sustain high-quality care in our community," said Milford Hospital board chair Samuel Bergami Jr.

The hospital said it collaborated with Yale New Haven and Bridgeport hospitals in 2014 to house their respective inpatient rehabilitation units (IRUs).

"However, the need for a broader relationship has become apparent as financial performance continues to be challenged by low reimbursement rates from government payers," the statement said.

Bridgeport Hospital President and CEO William M. Jennings said the hospital is "confident that we can deliver a bright future for Milford Hospital in the year ahead, even as the current healthcare environment challenges all providers."

Natalie Missakian can be reached at news@newhavenbiz.com

Free E-Newsletter

Sign up now for our New Haven Biz
e-newsletter! Click Here

Subscribe to print for free

Premier issue coming in October. Click here to subscribe

Copyright 2018 New England Business Media