In 2019, Prospect Medical Holdings sold its hospital real estate in California, Connecticut, and Pennsylvania to Medical Properties Trust (MPT) for $1.386 billion as part of a sale-leaseback deal.

From 2010 to 2021, private equity firm Leonard Green & Partners controlled a majority stake in Prospect Medical. CBS News has reported on a series of financial moves the company took to issue ...

(WFSB) – Prospect Medical Holdings, a company that owns three hospitals in Connecticut, filed for Chapter 11 bankruptcy protection. The decision affected Waterbury Hospital, Manchester Memorial ...

U.S. Bankruptcy Judge Stacey Jernigan approved Prospect Medical Holdings’ plan to begin winding down operations at Crozer Health on Tuesday, after lawyers for the health system said an 18 months ...

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 ...

Prospect Medical Holdings bankruptcy filing follows clashes with state regulators over hospital conditions. By Soma Biswas. Updated Jan. 12, 2025 7:23 pm ET | WSJ Pro. Share. Resize. Listen ...

Prospect Medical Holdings disputes the system’s claims. In its own June 2024 lawsuit, Prospect accused YNHHS of suing to escape its obligation to acquire the three “safety-net” hospitals, which ...

Lawyers for Prospect Medical Holdings warned before a federal judge in Texas Thursday about the possible closure of the entire Crozer Health system in Pennsylvania. The judge did not issue a ...

Gov. Ned Lamont once again has placed himself between Yale New Haven Health and Prospect Medical Holdings over the stalled purchase by YNHH of Prospect’s struggling hospitals in Waterbury ...

Prospect Medical Holdings has filed for Chapter 11 bankruptcy and it could affect multiple hospitals in Connecticut. According to Governor Ned Lamont, despite the filing, the three hospitals ...

Prospect Medical Holdings has a prospective buyer for Crozer Health — but the company declined to reveal the suitor for the embattled four-hospital system in Delaware County.

(WFSB) – Prospect Medical Holdings, a company that owns three hospitals in Connecticut, filed for Chapter 11 bankruptcy protection. The decision affected Waterbury Hospital, Manchester Memorial ...