Kaufman Hall Advised Western Connecticut Health Network on Partnership with Health Quest
SKOKIE, Ill. – April 3, 2019 – Health Quest Systems Inc. and Western Connecticut Health Network announced on April 3, 2019, they have officially joined forces to create a new health system to provide community members across the Hudson Valley of New York and western Connecticut with more convenient, accessible and affordable care.
The new name for their organization will be Nuvance Health. Nuvance (NEWvance) is derived from a combination of the words "new" and "advance".
Kaufman Hall served as the exclusive strategic and financial advisor to Western Connecticut Health Network on the transaction.
Health Quest is a four-hospital system based in LaGrangeville, New York. Western Connecticut Health Network is based in Danbury, Connecticut, and includes three hospitals. The combined system will serve 1.5 million residents across the two states and include seven hospitals, in addition to 2,600 aligned physicians and more than 12,000 employees across a full continuum of care. Projected combined revenues of the system are $2.4 billion.
To learn more about how Kaufman Hall is assisting healthcare organizations with mergers, acquisitions, and other strategic partnerships, contact Anu Singh at 224.724.3132.