Milford, Bridgeport hospitals move forward with merger
After months of discussion, a vote has confirmed Bridgeport Hospital will move forward with the acquisition of Milford Hospital.
Yale New Haven Health, Bridgeport Hospital and Milford Hospital’s boards of trustees voted to pursue the integration of the two hospitals, according to a statement released Friday, Sept. 28.
Milford Hospital serves more than 50,000 patients in the Greater New Haven area and Fairfield County annually. Bridgeport Hospital, a part of Yale New Haven Health, admits more than 20,000 patients and nearly 300,000 outpatient treatments annually, serving Fairfield and New Haven counties.
In the statement, officials said as the process moves forward in the months ahead, Milford Hospital will continue to operate as a separate organization.
Under the plan, current Milford Hospital employees, including those represented by labor unions, would become employees of Bridgeport Hospital. Bridgeport Hospital has agreed to recognize all existing labor relationships.
In June, Milford Hospital President Joseph Pelaccia submitted his resignation, citing “personal reasons.” Around that time, the two hospitals issued a statement saying a merger was possible.
“These are challenging times for community-based hospitals in Connecticut and throughout the country,” said Mark Toney, chief restructuring officer of Milford Hospital. “In working with Yale New Haven Health and Bridgeport Hospital, we believe that Milford Hospital can now develop a sustainable model for the future.”
Back in 2014, in the face of significant financial challenges, Milford Hospital built a relationship with Yale New Haven Hospital and Bridgeport Hospital.
But the need for a broader relationship between the hospitals quickly became apparent when Milford Hospital’s financial performance continued to struggle.
“While (Milford) Hospital has faced significant and mounting financial challenges, we are optimistic that by working together, we can address those issues directly and work toward providing improved access to high quality care, delivered in the most efficient manner possible,” said Marna P. Borgstrom, chief executive officer of Yale New Haven Health.
“By working together, we are confident that we can deliver a bright future for Milford Hospital in the years ahead, even as the current health care environment challenges all providers,” said Bridgeport Hospital president and CEO William M. Jennings.