Legislators in Connecticut are struggling to make a decision about whether or not to craft a new regulatory and statutory framework for non-profit hospitals to covert to for-profits. Tenet Healthcare, the for-profit company in talks to acquire four hospitals in Connecticut, believes it can complete the conversions without legislation. However, Attorney General George Jepsen says it may not be possible for the company to move forward with their plans without legal scrutiny under current law.
Time is running short, but legislators could still pass a measure on hospital conversions. Lawmakers are working on a proposal, but they may not reach an agreement that will pass both chambers before the legislative sessions ends at midnight tonight. Tenet says it could still move forward with its plan to acquire the four hospitals since state law restricts the ability of for-profit hospitals to operate in the state, but it doesn’t completely ban them.
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