Yale-New Haven Acquiring Hospital of St. Raphael
Tuesday, Sep 11, 2012 | Updated 10:01 AM EDT
NBC Connecticut
Yale-New Haven Hospital is merging with the Hospital of Saint Raphael.
Yale-New Haven Hospital is acquiring the Hospital of Saint Raphael in New Haven, making it one of the largest hospitals in the country.
Yale-New-Haven will add 511 beds for a total of 1,519 beds and more than 12,000 employees. Hospital officials said the $160 million deal, which has received regulatory approvals, will provide Yale-New Haven with the additional capacity it needs to meet current patient demand while providing financial stability at the Hospital of Saint Raphael campus.
Hospital officials plan to sign the closing documents on Tuesday. They said Saint Raphael's Catholic heritage will continue, with procedures such as abortion not performed at its campus.
A news conference is planned for 2 p.m. for the official signing. The transaction takes effect at 12:01 a.m. on Wednesday.
