City officials have deemed $18.4 million in 2024 and 2025 property taxes owed by Waterbury Hospital to be uncollectible amid the ongoing bankruptcy of owner Prospect Medical Holdings. On the ...

The layoffs will impact employees of Prospect’s management services organization, according to notices filed with state ...

Los Angeles-based Prospect Medical Holdings has shared plans to lay off 125 employees at its Orange, Calif.-based Prospect Medical Group location, according to a June 20 WARN notice obtained by Becker ...

After Prospect Medical Holdings, the formerly private equity-backed owner of three Connecticut hospitals, declared bankruptcy ...

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 ...

Prospect Medical Holdings Inc. has indicated that it is going to start closure proceedings on Crozer Health, sources confirmed Thursday, as Delaware County released a resource webpage for residents.

Prospect Medical Holdings, the owner of three struggling Connecticut hospitals in Waterbury, Manchester, and Vernon, is working with restructuring advisors to explore ways to address the company ...

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 ...

MPT asserted hundreds of millions of dollars in claims against Prospect Medical, including a $190 million mortgage loan to the company’s Pennsylvania hospitals, which are at risk of being shut down.

Prospect Medical Holdings Inc. is looking to shutter several hospitals and outpatient facilities in Pennsylvania to stem its cash outflows, a move that employees said could “devastate” local ...

Prospect Medical Holdings announced Friday it intends to sell Crozer Health, Delaware County’s four-hospital system, to a “not-for-profit consortium of healthcare operators.” State Sen. Tim ...

Prospect Medical Holdings Inc. has indicated that it is going to start closure proceedings on Crozer Health, officials confirmed Thursday, as Delaware County released a resource webpage for residents.