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, the Los Angeles-based healthcare company, cited debts exceeding $400 million in its bankruptcy ...
The company has appointed Sidley Austin LLP as general bankruptcy attorney, Alvarez & Marsal as financial adviser, and ...
Prospect Medical Group, which owns 16 U.S. hospitals, filed for bankruptcy protection in Texas on Saturday, seeking to sell ...
Prospect is the second large health system with a history of private equity ownership to declare bankruptcy in the past year.
Los Angeles-based Prospect Medical Holdings, a private equity-backed system that owns hospitals across four states, has filed for Chapter 11 protection. Here are five things to know about the ...
The California hospital chain went bust four years after Leonard Green & Partners took its profits and walked away.
The move by Prospect Medical Holdings was long expected. Its local hospitals, including Crozer-Chester Medical Center in ...
In CT, Prospect owns Waterbury Hospital and the Eastern Connecticut Health Network, which includes two hospitals in Manchester and Vernon. All three remain open.
Prospect Medical Holdings, Inc., founded in 1998, currently owns 16 hospitals across four states including California, ...
The filing shows Prospect had more than 100,000 creditors and between $1 billion and $10 billion in liabilities.
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