The union is bounded but is not a closed set: the points , , belong to the open disc and tend to , which lies in neither disc. Thus it is not compact by the Heine-Borel theorem.
Nevertheless it is connected, indeed path-connected. Every point of the open disc joins by a straight segment. The segment from to stays in the union, since its points before the endpoint belong to the open disc and the endpoint belongs to the closed disc. Every point of that closed disc joins inside it by convexity. Concatenating these paths joins any two points of the union. The fact that the two discs are disjoint does not imply disconnection: their contact point belongs to one of them. This illustrates connectedness at a one-sided contact point.