Saint Mary’s In Waterbury To Be Acquired By Tenet Healthcare
By Matthew Sturdevant, The Hartford Courant | |
McClatchy-Tribune Information Services |
The acquisition is pending state and federal regulatory approval and other conditions. It offers a small, Catholic hospital known for its charity care to have the backing of an large, investor-owned health care system based in
"For patients, this is a tremendous thing," Saint Mary's CEO and President
Saint Mary's Catholic heritage and its ethical and religious directives will be honored and maintained, which means the hospital will not perform abortions or tubal ligations.
"We respect the dignity of life and all of the Catholic teachings, and so we're not going to, as we never have done, endorse or support anything that's outside of those Catholic teachings," Wable said.
Saint Mary's will continue the same charity care and uncompensated care policies it has offered in the past.
"The most important thing for the layperson on the street is to know that it's not going to change, that we're still committed to providing charity care," Wable said.
Saint Mary's has 347 licensed beds and satellite services to
"We have agreements in place with Tenet to employ all of our staff here and to offer them very competitive benefit packages and to honor seniority, and, so, there's not a lot of change with respect to that," Wable said. "This also allows us to fully fund our pension plan."
It's not clear how long the regulatory approval process would take, though Wable is hopeful the acquisition could be completed within six months.
Hospitals are regulated by several state agencies, including the state departments of Public Health, Social Services, Consumer Protection, Energy and Environmental Protection, Labor and Insurance. Hospitals are primarily regulated by the
Additionally, hospitals are regulated by various federal agencies, such as the
Hospitals that serve a low-income population receive additional
Gov.
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