Prospect Medical Holdings files for Chapter 11 amid criticisms of prior PE ownership
Prospect Medical Holdings filed for bankruptcy protections late Saturday, a move the financially strapped health system said will streamline divestitures outside of its home state of California.
Prospect Medical Holdings files for bankruptcy after owners took hundreds of millions in payouts
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 million. In a press release announcing its restructuring, the company said it would continue to operate as normal.
Prospect Medical Holdings files for Chapter 11 bankruptcy
Prospect Medical Holdings, Inc. filed for Chapter 11 bankruptcy on Saturday night. The bankruptcy filing affects several hospitals in Connecticut, including Waterbury Hospital, Manchester Memorial Hospital,
Prospect Medical Holdings' Bankruptcy Is Latest Case of Private Equity Ownership Gone Wrong
The health system's financial unraveling has similarities to the much-maligned collapse by Steward Health Care. The spotlight on private equity ownership in healthcare is burning even brighter after Prospect Medical Holdings' descent.
Prospect Medical Holdings Files for Chapter 11, Intends to Sell Pennsylvania, Connecticut, and Rhode Island Hospitals
Prospect Medical Holdings has filed for bankruptcy and plans to restructure, maintaining patient services during the process.
Prospect Medical Holdings, owner of 3 Connecticut hospitals, files for Chapter 11 bankruptcy
Prospect Medical Holdings, which owns Manchester Memorial Hospital, Rockville General Hospital and Waterbury Hospital, has filed for Chapter 11 bankruptcy.
Prospect Medical Holdings, owner of Crozer Health, files for bankruptcy
Crozer Health, the hospital system in Delaware County, is expected to continue operating as Prospect looks to sell the asset and restructure.
Prospect Medical Holdings files for bankruptcy, casting uncertainty over its Connecticut hospitals
On Jan. 11, Prospect Medical Holdings, the owner of three hospitals in Connecticut, filed for Chapter 11 bankruptcy. Prospect’s filing listed debts of more than $400 million. The company hopes the bankruptcy process will allow it to expedite the sale of hospitals outside its home state, California, while stabilizing its financial footing.
Prospect Medical Holdings, hospital network with 182 clinics nationwide, files for bankruptcy
A healthcare company that owns and operates more than 182 hospitals and clinics nationwide filed for Chapter ... 11 bankruptcy protection in a Texas federal court on Saturday. Prospect Medical ...
Prospect Medical Faces Landlord Brawl, Cash Burn in Bankruptcy
Bankrupt hospital chain Prospect Medical Holdings Inc. won court permission to start drawing from its $100 million Chapter 11 financing despite a challenge from landlord Medical Properties Trust Inc.
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Prospect Medical Holdings bankruptcy: What you need to know
(WFSB) – Prospect Medical Holdings, a company that owns three hospitals in Connecticut, filed for Chapter 11 bankruptcy protection. The decision affected Waterbury Hospital, Manchester ...
Prospect Medical Holdings, Inc. Receives Court Approval of "First Day" Motions
Prospect Medical Holdings, Inc. ("Prospect Holdings" or the "Company") today announced that it has received approvals from the United States Bankruptcy Court for the Northern District of Texas (the ...