The Alliance Medical Group Inc. and Eastern Connecticut Medical http://www.buffalos-rufc.com/bestlucyholmes/2016/12/17/further-examination-of-central-criteria-in-training-for-rheumatology Professionals Foundation Inc. have been consolidated into a new medical foundation, which is a taxable not-for-profit, Kruse said Thursday. State documents approving the sale of ECHN to Prospect Medical Holdings Inc. in October list Eastern Connecticut Medical Professionals Foundation Inc. as an ECHN asset and it is now considered a for-profit entity. The Alliance Medical Group of Waterbury, which describes itself as a nonprofit with more than 100 physicians, including primary care, internal medicine, pediatrics, and 10 medical and surgical specialties, merged this month with the physician group known as Eastern Connecticut Medical Professionals Foundation Inc., which claims to have over 100 providers throughout its two hospitals, Manchester Memorial and Rockville General, and 14 office locations throughout its mid-state region. Alliance recorded a $10.2 million loss from operations in 2015, according to state records, while Eastern Connecticut posted a $7 million loss for 2014 in its federal income tax records. The consolidation of the two physician groups was the result of the recent $280 million combined purchase of the nonprofit Waterbury and ECHN health care systems by for-profit, California based Prospect Medical Holdings Inc. According to Kruse, the state of Connecticut only allows health care providers to operate one medical foundation in our state. The certificate of need applications with the state Public Health Department Office of Health Care Access for the two http://consultantinterview.firehousepub.net/2016/12/17/some-useful-tips-on-effortless-medical-tactics/ health care systems verifies that, stating that following the Oct. 1 sale the two foundations would dissolve and Prospect would create a new medical foundation consistent with Connecticut law, which limits the number of medical foundations allowed for a hospital or health care system.
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