Connecticut Health Care Associates (CHCA)

Connecticut Health Care Associates (CHCA)

Connecticut Health Care Associates operates as a Taft-Hartley multi-employer pension plan serving nursing and service staff at Connecticut hospitals, including Waterbury Hospital. The fund is an affiliate of the American Federation of State, County and Municipal Employees (AFSCME) and the National Union of Hospital and Health Care Employees (NUHHCE). Dave Hannon, President of CHCA District 1199, acts as the fund's lead fiduciary. The fund's investment strategy centers on secondaries, real estate holdings, and special-situations exposures. Its property interests include a stake in the Multi-Employer Property Trust (MEPT), a commingled national portfolio. On the distressed side, CHCA has taken an active posture — Hannon chaired the Unsecured Creditors Committee in the Prospect Medical Holdings Chapter 11 case, where the fund emerged as a major creditor due to pension underfunding by the hospital operator. This committee role gave CHCA direct influence over Prospect's reorganization, reflecting a willingness to use creditor rights to protect member benefits. The fund's team size and total deployment are not publicly reported. Its membership and geographic footprint are concentrated in Connecticut, with the Wallingford headquarters supporting affiliated union locals under the District 1199 umbrella. Adjacent structures include the broader AFSCME and AFL-CIO labor federation networks, which provide shared resources and industry-association connections. CHCA's structural differentiator is its willingness to litigate employer-side pension obligations through bankruptcy proceedings — a posture more confrontational than most peer plans. Where typical multi-employer plans remain passive creditors, CHCA's committee leadership role in the Prospect case signals an operational model that treats enforcement as a core fiduciary function.