Processing Your Payment

Please do not leave this page until complete. This can take a few moments.

April 20, 2015 Reporter's Notebook

Hartford Hospital eyes Bloomfield surgery center purchase

PHOTO | HBJ File Hartford Hospital is part of Hartford Healthcare.

Hartford Hospital is asking state regulators permission to purchase a majority stake in a Bloomfield outpatient surgery center that handles more than 6,000 annual procedures.

Connecticut G.I. Endoscopy Center LLC (CTGI), located at 4 Northwester Dr., is currently owned by 17 physicians who are looking to sell a 51 percent stake in the company to Hartford Hospital, according to documents filed with the state Office of Health Care Access, which must approve the deal.

Both sides said the deal is a natural extension of their long-term relationship. In 2007, Hartford Hospital and CTGI Glastonbury teamed up to operate Glastonbury Endoscopy Center, and they think greater benefits and operating efficiencies could be gained through further collaboration and alignment, according to regulatory documents.

CTGI physicians currently have active privileges and will continue to perform inpatient procedures at Hartford Hospital.

The deal represents yet another example of consolidation in the state's rapidly evolving healthcare industry, which is putting pressure on providers to gain scale so they can cope with falling reimbursement rates, and new payment and care delivery models.

Larger health systems in particular have been active buying up small doctor practices so they can adapt to the changing healthcare landscape.

— Greg Bordonaro

Sign up for Enews

Most Recent

Most Recent

0 Comments

Order a PDF