The developments come after Prospect Medical Holdings filed for bankruptcy protection Jan. 11, as the $2.5 billion company was down to $3.4 million in cash.

Pennsylvania hospitals owned by Prospect Medical Holdings will need to be closed unless a funding deal can be made within the next week, the bankrupt for-profit system told a judge Thursday. | Bankrupt Prospect Medical Holdings told a judge this week that short- and long-term deals to support Pennsylvania's Crozer-Chester Medical Center and Taylor Hospital have fallen apart.

A closure notice submitted to a federal bankruptcy judge Thursday calls for the shutdown of the entire Crozer Health system​.