UConn Health seeks P3 to increase financial security
Connecticut– The University of Connecticut (UConn) Health Center, UConn Health, expects to begin mid-negotiations with a public-private partnership (P3) by September 2018. UConn Health is the branch of the university that oversees clinical care, advanced biomedical research and academic education in medicine. The system includes the 234-bed John Dempsey Hospital, a medical group and medical and dental schools. The system intends to issue a request for proposals for a financial consultant to help it assess the market and manage the process of soliciting and analyzing proposals from potential partners.
The academic medical center is exploring a P3 to attract more faculty and students, increase patient volume and achieve financial security. The P3 will also deliver on a promise of Bioscience Connecticut, a plan in conjunction with the state to renovate UConn health facilities and improve research capacity. Plans for the partnership come after projected budget deficits the past few years.