A judge has approved $30 million in emergency debt financing for Los Angeles-based Prospect Medical Holdings to avoid service cuts and layoffs at its California and Connecticut hospitals, CT Insider ...

In an initial filing seeking Chapter 11 protections, Prospect Medical Holdings, which owns facilities in California, Pennsylvania, Rhode Island, and Connecticut, listed debts of more than $400 ...

In 2019, Prospect Medical Holdings sold its hospital real estate in California, Connecticut, and Pennsylvania to Medical Properties Trust (MPT) for $1.386 billion as part of a sale-leaseback deal.

(WFSB) – Prospect Medical Holdings, a company that owns three hospitals in Connecticut, filed for Chapter 11 bankruptcy protection. The decision affected Waterbury Hospital, Manchester Memorial ...

U.S. Bankruptcy Judge Stacey Jernigan approved Prospect Medical Holdings’ plan to begin winding down operations at Crozer Health on Tuesday, after lawyers for the health system said an 18 months ...

California-based Prospect Medical Holdings filed for Chapter 11 bankruptcy on Saturday in the U.S. Bankruptcy Court for the Northern District of Texas, following years of financial difficulties ...

"Prospect Medical Holdings, the for-profit owner of Crozer Health, pillaged these hospitals for their own gain – and today, we see the result of their greed and mismanagement with the announced ...

“Today, Prospect Medical Holdings made the extremely difficult decision to begin winding down operations across our Crozer Health facilities. The ambulatory surgery and imaging centers at ...

“While Prospect Medical Holdings paid out $645 million in dividends and preferred stock redemption to its investors—$424 million of which went to Leonard Green shareholders—it took out ...

Prospect Medical Holdings filed for bankruptcy on Jan. 11. The for-profit company had been sued by the Pennsylvania attorney general in October, alleging financial mismanagement and negligence. ...

Prospect Medical Holdings disputes the system’s claims. In its own June 2024 lawsuit, Prospect accused YNHHS of suing to escape its obligation to acquire the three “safety-net” hospitals, which ...

(WFSB) – Prospect Medical Holdings, a company that owns three hospitals in Connecticut, filed for Chapter 11 bankruptcy protection. The decision affected Waterbury Hospital, Manchester Memorial ...