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 ...

The agreement with state authorities came together after a proposed sale of the Pennsylvania hospitals to a nonprofit ...

As signaled last week, Prospect Medical Holdings – the owner of two for-profit Rhode Island hospitals – has filed for Chapter 11 bankruptcy. The company filed the motion in a Texas court late ...

The parent company of Crozer Chester and Taylor hospitals announced a deal to sell the hospitals to a not-for-profit ...

The proposed sale of Crozer Health includes its hospitals, ambulatory surgery centers, clinics and physician offices in ...

Prospect Medical Holdings and Medical Properties Trust, which owns the land on which Prospect's hospitals sit, owe tens of millions of dollars in delinquent taxes to municipalities, some of which ...

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 ...

FTI Consulting is poised to take over as the temporary manager of Crozer Health pending court approval in the Prospect Medical Holdings bankruptcy proceedings. Filings show the receivership deal ...

LOS ANGELES, February 03, 2025--(BUSINESS WIRE)--Prospect Medical Holdings, Inc. ("Prospect Holdings" or the "Company") today announced that it has entered into an amended and restated asset ...

Banrkupt Prospect Medical Holdings said Friday it intends to sell Crozer Health, its four-hospital health system based in Pennslyvania, to an unnamed consortium of nonprofit healthcare operators.

Bankrupt health system Prospect Medical Holdings Inc. won court approval to hand operations of its Pennsylvania hospitals to a state-backed receiver, a last minute deal that averts potential ...