Published 1 month ago

CT gave Prospect Medical $12M tax cut but provided few details

Summary by Ground News

Prospect Medical Holdings, owner of three troubled hospitals in Connecticut, will pay at least $12 million less than it owes in provider taxes. State officials gave few details about the agreement or how the money would be repaid. Prospect was hit with three liens late last year for failing to pay the state $67 million in taxes. The reduction in taxes for Prospect was included in the state's approval of Yale New Haven Health's plan to acquire Prospect's three Connecticut hospitals.

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The CT Mirror

CT gave Prospect Medical $12M tax cut but provided few details

State officials will allow California-based Prospect Medical Holdings, owner of three troubled hospitals in Connecticut, to pay at least $12 million less than it owes in provider taxes, though state officials gave few details Thursday about the agreement or how the money would be repaid. Prospect was hit with three liens late last year for failing to pay the state $67 million in taxes. “It’s a negotiation,” Gov. Ned Lamont said Thursday. “[We’re…

1 month ago

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