Hartford Business Journal

1BZ01HAA120125

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HARTFORDBUSINESS.COM | DECEMBER 1, 2025 15 ship to speed up decision-making and support future growth. In October, four senior executives left the organization — two from Yale New Haven Health and two from Greenwich Hospital. O'Connor said the Greenwich lead- ership changes — which eliminated the chief operating and chief financial officer roles — were directly tied to the systemwide restructuring, bringing that hospital's administrative setup in line with others in the system, which includes five hospitals overall. Conversely, O'Connor said he initiated the departures of Yale New Haven Health's CFO Gail W. Kosyla and General Counsel Bill Aseltyne to help the organi- zation "move ahead," calling the changes part of his assessment of "what's needed to be successful in the future." Those roles will be refilled, he said. O'Connor named Kosyla his CFO in October 2022, about seven months after he took over as CEO, replacing Marna P. Borgstrom, who retired. Keep improving Meanwhile, O'Connor said the combined $63 million YNHHS will pay in the Prospect and data breach settlements isn't expected to significantly weaken the system's overall financial position. For the data breach — which compro- mised the personal information of about 5.6 million patients — the health system had cyber insurance coverage, O'Connor said. He added that he objects to the settlement itself. The system has "one of the most sophisticated cyber-proof structures," he said, yet a "bad actor gets in, and we have to pay the govern- ment a settlement. I don't get that. It's victim shaming." As for the Prospect settlement, O'Connor said it's a nonoperating expense that can be offset because the health system's investments produced strong "nonoperating gains." The settle- ment payment was recorded in the quarter ended Sept. 30, 2025, when the system recorded nonoperating gains of about $182 million. The more painful part of the failed Prospect bid, he said, is watching the three hospitals be acquired by other systems. Expanding into the Waterbury area and gaining a foothold in Manchester and Vernon — markets dominated by Hartford HealthCare, the state's second-largest health system — had been a key motivation for the bid. Now, Hartford HealthCare is seeking to acquire the Manchester and Rock- ville hospitals, while UConn Health is pursuing Waterbury Hospital. None of that alters Yale New Haven's plan to expand urgent and ambulatory care centers into central Connecticut, O'Connor said. "We have plans being activated now to do that," he said. "The board has already given us the seed money necessary to initiate that work. So we are absolutely going to continue our ambulatory expansion." In addition, two major projects are expected to be completed in 2026. One is the 505,000-square-foot Neurosciences Center on the St. Raphael campus in New Haven, at 659 George St. The other, being developed jointly with Hartford HealthCare, is the $75 million, 25,000-square-foot Connecticut Proton Therapy Center in Wallingford, which will become the state's first to use highly targeted radio- logical proton therapy to treat cancer. Ultimately, O'Connor said, Yale New Haven Health's challenge is to main- tain the infrastructure and quality of its services while continuing to improve. "That's always our goal at Yale New Haven," he said. An artist's rendering of the $838 million YNHH neurosciences center on George Street, which is on track to be completed in 2026. At the forefront of renewable energy in Connecticut and the Northeast. Our energy attorneys are known for taking on projects that involve "first of their kind" technologies or issues, focusing on large-scale renewable energy projects, energy storage systems, and distributed generation installations. Pullman's experience spans wind, solar, battery energy storage systems, hydroelectric, biofuel, fuel cells and combined heat and power (CHP) systems. Our interdisciplinary team serves clients in the growing and evolving areas of climate change, sustainability, alternative energy, distributed generation, renewable energy credits, carbon trading, energy storage, greenhouse gas initiatives and project finance. BRIDGEPORT HARTFORD SPRINGFIELD WAKEFIELD WESTPORT WHITE PLAINS 203.330.2000 860.424.4300 413.314.6160 401.360.1533 203.254.5000 914.705.5355 pullcom.com For more information visit: pullcom.com/practices-alternativeenergy Ra n k e d B a n d 1 in Ene r g y & N a tu r a l R e s ou r c e s – Co n n e c ti cut

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