Prospect, Medical

Prospect Medical Holdings files for bankruptcy after owner payouts
A Los Angeles-based company that owns more than a dozen hospitals in four states filed for bankruptcy late Saturday night, the second major system acquired by private equity to collapse in less than a year.
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.
Hospital Operator Prospect Medical Files for Bankruptcy
Prospect Medical Holdings bankruptcy filing follows clashes with state regulators over hospital conditions.
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 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, 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.
Prospect Medical Holdings, hospital network with 182 clinics nationwide, files for bankruptcy
Prospect Medical Holdings, the Los Angeles-based healthcare company, sought bankruptcy protection after its previous owner extracted hundreds of millions of dollars in dividends and management ...
Prospect Medical files for bankruptcy
Prospect Medical Holdings announced that it is initiating chapter 11 proceedings in the United States Bankruptcy Court. Prospect Holdings owns three hospitals in Connecticut: Waterbury Hospital, Rockville General Hospital and Manchester Memorial Hospital.
Healthcare giant with 182 hospital files for bankruptcy across US
A healthcare giant that owns 16 hospitals in four states has filed for bankruptcy.
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 ...
‘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.
Hospital Chain Prospect Approved to Draw Bankruptcy Loan Opposed by Landlord
Prospect Medical has secured enough financing to continue operating through the initial phase of its bankruptcy case despite ...
Parent company’s bankruptcy may allow CT hospitals to directly tap into locally generated funds
Prospect Medical Holdings' 3 CT hospitals are expected to tap into their own funds to finance their operations during the ...
Crozer-Chester Medical Center’s bankruptcy fate could be known early next week
Prospect Medical Holdings could ask as soon as Monday for approval to transfer Crozer Health’s hospitals to an operator ...
Amid bankruptcy, Prospect's 3 CT hospitals to stay open and safe, state officials vow
Waterbury, Manchester Memorial and Rockville General hospitals remain open and will get extra state monitoring, officials ...
Prospect declares bankruptcy, says sale of Roger Williams and Fatima hospitals will continue
The owner of two Roger Williams Medical Center and Our Lady of Fatima Hospital has declared bankruptcy but maintains the move ...