Media Kit
Talk to us

News : Health Apr 12, 2012 - 9:43 AM

Waterbury Hospital and St. Mary's Hospital CEO's to lecture on joint venture

By The Watermark at East Hill

Font size: Small Big
Email this article
 Printer friendly page
Share this article:
facebook Yahoo! MyWeb Digg reddit Furl Blinklist Spurl
Buy the "As seen on" mug

Southbury, CT - On Thursday, April 19, The Watermark at East Hill will host a free lecture on the proposed joint venture between Waterbury Hospital, Saint Mary’s Hospital and LHP Hospital Group, presented by Darlene Stromstad, President and CEO of Waterbury Hospital and Chad Wable, CEO of Saint Mary’s Hospital. The lecture will take place from 2:00 to 3:00 p.m. in the auditorium at the retirement community located at 611 East Hill Road in Southbury.

The joint venture includes a commitment to invest approximately $400 million to construct a new, state-of-the-art medical center that will replace both Waterbury Hospital and Saint Mary’s Hospital. The combined revenues of the transaction will be over $520 million, making it one of the larger hospitals in Connecticut. LHP will own 80% interest in the joint venture, with Waterbury Hospital and Saint Mary’s Hospital each owning a 10% interest; the governance of the new hospital will be shared among all parties.

“The completion of this venture will transform the healthcare landscape in the Greater Waterbury region, ensuring a higher quality of patient care for many years to come,” The Watermark at East Hill Executive Director Michelle Bettigole said. “We are grateful to have Darlene come and explain the ins and outs of the proposed venture with our residents and guests of the community, as well as answer any questions they might have.”

LHP Hospital Group, Inc. is a privately held company based out of Plano, Texas that was established to provide essential capital and expertise to not-for-profit hospitals and health systems. In cooperation with local hospitals, LHP forms joint ventures to operate and manage acute care facilities in small cities and select urban markets throughout the United States.

“Working with LHP and Saint Mary’s, our vision is to create a healthcare facility that we think will address the future needs of the region,” said Stromstad. “While there is still a lot of work to be done operationally, legally, and through the regulatory process, our goal is to keep residents of the community and patients of both Waterbury Hospital and Saint Mary’s Hospital updated and informed, and also be available to address any questions or concerns they might have throughout the process.”

For more information on the upcoming lecture or to RSVP, please call The Watermark at East Hill at 203-262-6868.

© Copyright by Some articles and pictures posted on our website, as indicated by their bylines, were submitted as press releases and do not necessarily reflect the position and opinion of, Stamford Plus magazine, Canaiden LLC or any of its associated entities. Articles may have been edited for brevity and grammar.

Possibly related or similar articles:
Experts to Discuss Hospice Care for Alzheimer’s and Dementia Patients - Jul 7, 2015 - 1:10:11 PM
The Watermark at East Hill Welcomes New Director of Sales - Apr 15, 2015 - 1:54:06 PM
Residents at The Watermark at East Hill Attend “Senior Patrol Campout” With New Milford Boy Scouts - Sep 9, 2014 - 5:08:14 PM
Watermark University Offering Mind and Body Courses to Southbury-Area Seniors - Feb 4, 2014 - 7:24:41 AM
The Watermark at East Hill Names Torrington Youth “Watermark Kid” - Dec 3, 2013 - 12:02:34 PM

Note: We reserve the right to delete posts at any time if we decide that they are offensive or distasteful.
Berkshire Hathaway HomeServices New England, New York and Westchester Properties named “Real Estate Brand of the Year” in 2018 Harris Poll Equitrend® Study
NCHC Launches Campaign to Prevent Childhood Obesity
Patriot Bank Adds Senior Bankers to Lead Its Credit and Small Business Lending Teams
Experience CT Open House Day at 7 Connecticut Landmarks’ Historic Properties
Juried Fine Art and Crafts show at Ives Concert Park features local talent

Top of Page
 is part of the Canaiden Online Media Network.
Stamford Plus Online | Norwalk Plus Online | | Best of Norwalk | Best of Stamford | Hauterfly Magazine |

Copyright ©2005-2010 Canaiden,LLC All Rights Reserved.