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 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 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.
Prospect Medical files for bankruptcy. Here's what it means for its two RI hospitals.
In a statement, the company said specifically it was looking to expedite the sales of Roger Williams and Our Lady of Fatima medical centers.
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, owner of private hospitals in Southern 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.
R.I. braces for hospital fallout amid Prospect Medical Holding’s financial collapse
Officials say Roger Williams Medical Center and Our Lady of Fatima Hospital are operating, but the state’s health care system does not have the capacity to absorb their patients if they were forced to close.
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.
Hospital Operator Prospect Medical Files for Bankruptcy
Prospect Medical Holdings bankruptcy filing follows clashes with state regulators over hospital conditions.
What Prospect’s bankruptcy filing means for Rhode Islanders
The Boston Globe Rhode Island's Alexa Gagosz joined Kim Kalunian on 12 News at 4 to discuss the implications of Prospect's bankruptcy filing and what Rhode Islanders can expect in the coming weeks and months.
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 Holdings, the Los Angeles-based healthcare company,
Medical Properties Trust to see minimal impact from Prospect’s bankruptcy: analysts
Shares of Medical Properties Trust (NYSE:MPW) outperformed last week as investors shrugged off concerns surrounding the ...
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“This is about life and death”: Prospect hospitals will remain open, state officials promise
State officials reassure residents about continued care at the Prospect Medical Holdings’ Connecticut hospitals and announce ...
Senate report accuses Prospect Medical of prioritizing profits over patient care
A Senate report accuses Prospect Medical Holdings of prioritizing profits over patient care, following a yearlong ...
Medical Properties: The Market Is Finally Starting To Understand
Financial writer discusses Medical Properties Trust's tenant bankruptcy filing, limited exposure, and outlook on stock value.
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Prospect Is Another Casualty of Private Equity in Healthcare, Experts Say
Prospect Medical Holdings -- a company that was named in a recent Senate report on the negative impacts of private equity on ...