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CARING NEVER CHANGES
Since signing the letter of intent, ECHN, Tenet and Yale New Haven have been reviewing the opportunity in greater detail, conducting additional due diligence and negotiating a definitive agreement. We expect a definitive agreement to be reached by the end of 2013.
Once a definitive agreement is reached, it would need to be approved by the ECHN Corporators, the 276 community representatives who ultimately govern the health system.
With the Corporators approval, federal and state regulatory approvals would then be needed including approvals from the Connecticut Department of Public Health and the Office of the Attorney General. The process from this point could take another 12 - 18 months.