Westerly Hospital’s parent company, Lawrence and Memorial Hospital, is pursuing an affiliation with a bigger organization: Yale New Haven Health System. The deal could bring in millions of dollars from Yale-New Haven.
Connecticut-based L&M acquired Westerly Hospital a little more than two years ago. And since then, consolidation and competition in the health care marketplace have only ramped up. Yale New Haven Health System is a bigger fish in this regional pond, with three hospitals and about $3.4 billion dollars in revenue.