Connecticut
CT could bond $390 million for UConn Health, Waterbury Hospital
Connecticut plans to borrow $390 million to expand the footprint of its own struggling flagship medical institution, the University of Connecticut Health Center, while simultaneously ridding the state of hospitals under private equity ownership.
According to communications obtained this week by The Connecticut Mirror, the debt would be added to the “UConn 2000” bonding package, the state’s financing program for capital projects at its flagship university.
The $390 million in borrowed funds would cover the $13 million acquisition of Waterbury Hospital from Prospect Medical Holdings, a now-bankrupt hospital operator that was formerly backed by private equity investment. The funding would also pay for “other future clinical partnerships,” according to the communication.
Last month, CT Mirror confirmed that UConn Health is also in talks to purchase Bristol Hospital and Day Kimball Hospital in Putnam. It is not clear from the communications whether any of the additional funding would be used to pay for the acquisition of those two hospitals.
A significant portion of the funding would go toward investments in “IT, equipment, deferred maintenance and working capital,” the communication said. Waterbury Hospital, in particular, would need a major influx of capital funding to upgrade its systems, which are still recovering from a crippling cyberattack in 2023.
Gov. Ned Lamont’s office did not respond to a request for comment, nor did Prospect Medical Holdings.
UConn Health spokesperson Jennifer Walker deferred comment to the governor’s office.
The nearly $400 million proposal does not address the hospital provider taxes Prospect owes the state, or its unpaid municipal taxes in Manchester and Waterbury.
As of last month, the Lamont administration was considering forgiving Prospect’s tax liabilities to the state as part of the deal for UConn Health to acquire Waterbury Hospital, according to several legislators who were briefed on the potential deal.
Prospect and its subsidiaries owe the Connecticut Department of Revenue Services as much as $100 million in “taxes or penalties,” according to court filings. However, state officials declined multiple requests to confirm Prospect’s total tax liability to the state.
The legislature would have to approve both the bonding and the tax forgiveness, House Speaker Matt Ritter, D-Hartford, confirmed. Ritter said the legislature would likely approve waiving Prospect’s tax bill.
“If we want to support UConn Health’s taking over the hospital then we will have to if it’s part of the deal,” Ritter said. “Otherwise you have to consider the alternatives — that the hospital could potentially close or some other private equity firm could come in and buy it.”
State Sen. Saud Anwar, D-South Windsor, a physician at one of Prospect’s Connecticut hospitals and a fervent critic of private equity in health care, said he agreed it would be the right move for the state, even though he doesn’t want to see Prospect “make money off the taxpayers.”
“I do think providing high-quality care to the people of Waterbury and beyond is absolutely essential,” said Anwar, who serves as co-chair of the legislature’s Public Health Committee.
During a meeting in September, members of Gov. Lamont’s administration and leadership from the University of Connecticut presented a plan to legislators regarding UConn Health’s acquisition of Waterbury, Day Kimball and Bristol hospitals. Part of that plan included forgiving Prospect’s outstanding taxes to the state. However, several legislators in attendance said they have not heard an update regarding tax forgiveness since then.
The UConn expansion is part of a broader strategy to make the institution more competitive with other academic medical centers in the market. State officials also hope it will improve the financial stability of the institution, which has generated cash flow losses averaging $140 million per year between 2020 and 2023, according to a report released last year.
Prospect isn’t the only health system with unpaid taxes. Day Kimball owes the state roughly $41 million, according to a Sept. 4 DRS report, which means the state may have to grapple with that debt as well. Bristol Health owes less than $14,000 in taxes, according to the same report.
In reference to the outstanding taxes, Day Kimball CEO Kyle Kramer said the hospital is “working together” with state officials toward “a long-term solution” and has been making payments.
Prospect Medical Holdings filed for bankruptcy protection in January, and the sale of its hospitals around the country is being overseen by the U.S. Bankruptcy Court in Northern Texas.
In September, Hartford HealthCare bid $86.1 million to purchase the other two Prospect-owned hospitals in Connecticut — Manchester Memorial and Rockville General. Additional bidders may submit offers through Oct. 16. A sale hearing, where the bankruptcy court judge will approve the preferred offer, is scheduled for Oct. 24.
Yale New Haven Health was originally slated to purchase all three facilities in a $435 million deal reached in 2022. But the transaction became mired in legal disputes, with both health systems suing each other over the true value of the hospitals. The parties recently settled, with Yale New Haven agreeing to pay Prospect $45 million to exit the deal and end all pending litigation.
On Oct. 3, the University of Connecticut’s Board of Trustees and the UConn Health Board of Directors voted to approve a $13 million bid to acquire Waterbury Hospital. In a statement the same day, UConn Health CEO Andrew Agwunobi said UConn Health would submit the bid “in the coming week.” However, the health system had not submitted an offer as of Oct. 14.
Connecticut
Opinion: This Earth Day make polluters pay
The costs of climate change are being borne by those who did the least to cause it. This Earth Day, we should expect more than symbolic gestures. We need our elected officials to stand up to harmful industry influence and deliver policies that hold major polluters accountable.
The effects of climate change have been inescapable across the world, especially in Connecticut. Just last month in March there was persistent unseasonable heat that was so intense that the continental United States registered its most abnormally hot month in 132 years of records, according to federal weather data. And the next year looks to turn the dial up on global warmth even more.
Connecticut residents are now more than ever facing the harmful and costly effects of climate change disasters. These costly disasters and effects have no limits on who is impacted.
A newly published DEEP report showed that climate change had already adversely affected Connecticut residents, businesses, and infrastructure over decades. Extreme weather has cost the state and private sector billions of dollars since 2010. This will continue, according to recent data on climate change.
Between 1880 and 2020, Connecticut experienced climate change impacts, including eight to nine inches of sea level rise; increased coastal erosion, warming of Long Island Sound; warmer hottest and coldest days of the year; increasing annual rainfall; decreasing annual snowfall; and increased rainstorms and flash flooding. In just 2023 and 2024 Connecticut faced multiple extreme weather events from deadly flooding in Southbury, deadly brush fires in Berlin, and millions of dollars of damage to farms from drought.
Let’s be clear, Connecticut taxpayers and residents are paying for 100% of these climate costs, costs that are falling on those least responsible.
Since the 2016 Paris Agreement, just 57 companies are directly linked to 80 percent of global greenhouse gas emissions, according to the Carbon Majors Database. These companies include fossil fuel giants like Chevron, Shell, and BP, who raked in record profits in the last quarter of 2023.
Why shouldn’t those most responsible pay their fair share?
Fossil fuel companies are spending hundreds of millions of dollars every year to influence lawmakers and block climate action, because they know real accountability would cost them far more. Instead of paying for the damage their pollution has caused, they’re investing heavily in lobbying and political influence to avoid “polluter pays” policies and shift those costs onto taxpayers.
In light of Climate Superfund laws being introduced in over a dozen states including here in Connecticut, fossil fuel companies are actively shaping climate legislation to shield themselves from accountability. With more than 30 lawsuits filed by states and cities across the U.S., the industry is pushing for legal immunity to avoid paying for climate-related damages. These efforts are aimed at blocking “polluter pays” policies, like climate superfund laws, that would require them to cover the billions of dollars in costs tied to environmental harm, infrastructure impacts, and years of misleading the public.
This Earth Day, we need to flip the script. For too long, fossil fuel companies have pushed the idea that climate change is the result of individual choices, telling us to turn off the lights, take shorter showers, and shrink our personal footprint. Those actions matter, but they’re not the whole story.
The truth is, a small number of corporations are responsible for a massive share of global emissions. While they promote small lifestyle changes, they continue expanding fossil fuel production and investing millions to block meaningful climate policy.
We won’t see real progress until we name what’s actually happening. Accountability must be at the core of climate action, shifting the burden off everyday people and onto the biggest polluters. That means strong policies, real enforcement, and a firm commitment to a “polluter pays” approach. The Connecticut Legislature must act and pass a Climate Superfund bill to move costs off taxpayers and require fossil fuel companies to finally pay their fair share.
Julianna LaRue is an organizer for the Connecticut Chapter of the Sierra Club.
Connecticut
Amtrak won’t close shoreline rail bridges during World Cup, reversing earlier proposal
Amtrak says it will not close any railroad bridges along Connecticut’s shoreline during the 2026 World Cup, backing away from a potential proposal that had sparked concerns from boaters, harbor officials, and marine businesses.
In an email Tuesday to NBC Connecticut, Amtrak spokesperson Jason Abrams said: “At this time, in coordination with the Coast Guard, we will not be closing any bridges on the Connecticut Coast Line during the tournament.”
The statement is a shift from a plan previously circulating among members of the boating community. That proposal outlined possible hourslong closures of several movable railroad bridges on the Connecticut shoreline on dates tied to World Cup matches in Foxborough, Massachusetts.
The affected bridges would have included the spans over the Connecticut River, Niantic River, Shaw’s Cove, Thames River and Mystic River.
The proposal had raised alarms among charter boat operators, harbor masters and marine industry leaders, who warned the closures could disrupt navigation during the height of the summer season, create safety risks on crowded waterways and hurt businesses that depend on fishing and recreational boating.
Amtrak also said is “exploring all options to move travelers safely and reliably during the World Cup with minimal interruption and inconvenience to local communities, visitors, and other stakeholders and travelers.”
Fans are expected to use rail service along the Northeast Corridor to travel to matches in the Northeast, including in the Boston area, where passengers would use connecting service to reach the stadium in Foxborough.
Earlier Tuesday, the U.S. Coast Guard told NBC Connecticut it was reviewing Amtrak’s request related to the bridge proposal.
“The Coast Guard has received Amtrak’s request for the bridge closures and are reviewing it to reach a final decision. When that decision is made, the Coast Guard will work with Amtrak. We are also aware of the mariners and boating communities concerns regarding this,” the Coast Guard had said.
It was not immediately clear whether Amtrak had formally withdrawn that request or whether the rail operator’s latest statement means the bridge closures are no longer under consideration.
NBC Connecticut reached out to the Coast Guard to request additional information.
Connecticut
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