What you should know about Prospect Medical Holdings’ bankruptcy filing
The company has two hospitals in Rhode Island caring for thousands of the state’s most vulnerable patients. Here are answers to questions from patients and observers about how to navigate the bankruptcy.
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, hospital network with 182 clinics nationwide, files for bankruptcy
Prospect Medical Holdings, the Los Angeles-based healthcare company, cited debts exceeding $400 million in its bankruptcy filing.
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.
Hospital operator Prospect Medical files for bankruptcy
Prospect Medical Group, which owns 16 U.S. hospitals, filed for bankruptcy protection in Texas on Saturday, seeking to sell East Coast hospitals and re-focus on its California operations.
Prospect Medical, owner of private hospitals in California, files for bankruptcy
The company has appointed Sidley Austin LLP as general bankruptcy attorney, Alvarez & Marsal as financial adviser, and Houlihan Lokey Inc. as investment banker, according to the court document. The case is Prospect Medical Holdings, Inc., 25-80002, in the U.S. Bankruptcy Court Northern District of Texas.
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.
‘Possibly the worst example of private equity greed’: In Prospect Medical bankruptcy, echoes of Steward
The California hospital chain went bust four years after Leonard Green & Partners took its profits and walked away.
Healthcare Dive5d
Prospect Medical Holdings files for bankruptcy
Prospect is the second large health system with a history of private equity ownership to declare bankruptcy in the past year.