Prospect Completes its Acquisition of ECHN
Prospect Medical Holdings, Inc. today, October 1, 2016, completed its acquisition of Eastern Connecticut Health Network (ECHN), helping ensure the longstanding community healthcare system’s future.
In addition, Michael Collins was named interim CEO to replace ECHN’s former President and CEO Peter Karl, who resigned effective Sept. 30. Collins, a senior healthcare executive with more than 20 years of experience in hospital leadership roles has been serving as Chief Integration Officer for Prospect at ECHN for the past seven months.
The transfer of ownership follows the receipt of all regulatory approvals. Prospect is committed to strengthening the existing programs that the ECHN communities have come to rely on over so many years, and to introducing new services and a new delivery model designed to help meet residents’ future healthcare needs. The company looks forward to the opportunity to help ensure the future of ECHN as a vital community healthcare provider.
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