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Back to the
drawing board
for DKH
partner search
PUTNAM — Day Kimball Healthcare will continue its search for a strategic partner after discussions with potential partner Prospect Medical Holdings ended without an agreement.
The DKH Board of Directors announceed the non-agreement with Prospect last week.
“Both Day Kimball Healthcare and Prospect Medical Holdings worked diligently over the last several months to reach an agreement that would meet each party’s critical requirements for a potential partnership,” said Janice Thurlow, interim chair of the DKH board of directors. “Unfortunately, we were not able to reach an agreement in which both sides could meet their respective needs. It’s not unusual for these types of negotiations to conclude without an agreement.”
Paul Beaudoin, chief financial officer and interim chief executive officer, said: “We are immediately resuming discussions with other potential future partners, many of whom have indicated continued interest in exploring a partnership with Day Kimball Healthcare.”
Joseph Adiletta, interim president of DKH, said: “The board, hospital leadership and staff all remain focused on achieving clinical, operational, organizational and financial goals. Additionally, many new initiatives are currently underway, which will improve and expand clinical services for our community, strengthen our position in the market and improve our financial health and stability.”
Day Kimball Healthcare announced a letter of intent for a strategic partnership with Prospect Medical Holdings in August.
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