Connecticut's healthcare sector faces rising insurance costs, with rates up 16.8% for individual plans, potential Medicaid cuts affecting 150,000 residents, and the state tapping its rainy day fund to offset federal funding losses.
UConn Health is pursuing a major expansion, bidding $13M for Waterbury Hospital and negotiating to acquire Bristol Hospital and Day Kimball Hospital. State lawmakers approved $390M in bonding to support the strategy.
Connecticut banking regulators have accused operators of the for-profit Putnam Science Academy of orchestrating securities fraud that raised at least $5.7 million from investors through false promises and misrepresentations.
ProHealth Physicians, part of Optum and the UnitedHealth Group family of companies, has announced it will permanently close its primary care medical practice in Putnam next month.
Connecticut ranked fourth nationwide for the percentage of acute-care hospitals rated with an A grade for safety in the latest scorecard released by the independent, not-for-profit Leapfrog Group.
"Hire for character, train for skill" — that philosophy landed Plainfield's Westminster Tool in the Manufacturing Hall of Fame. Now founder Ray Coombs & his kids are leading the $10M family business into its next chapter.