Prospect Medical Holdings will start transitioning some services currently provided by its two hospitals in Pennsylvania to other nearby medical providers in preparation for a full shutdown of the ...

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 filed for bankruptcy on Jan. 11. The for-profit company had been sued by the Pennsylvania attorney general in October, alleging financial mismanagement and negligence.

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.

California-based healthcare company Prospect Medical Holdings filed for bankruptcy earlier this month, raising uncertainty about the future of its two Rhode Island hospitals. According to a court ...

Prospect Medical Holdings has declared bankruptcy due to debt piling up as a result of the ownership by private equity firm Leonard Green & Partners from 2010 to 2021, a Senate report detailed.

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.

PROVIDENCE — Bankrupt Prospect Medical Holdings did not pay vendors to provide basic medical supplies, and its hospital leaders in Rhode Island on Tuesday morning were forced to delay surgeries ...

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.

Prospect Medical Holdings, once an active buyer of cash-strapped hospitals, filed for bankruptcy after struggling with debt piles and soaring costs. The company listed $1 billion to $10 billion in ...

The case is Prospect Medical Holdings, Inc., 25-80002, in the U.S. Bankruptcy Court Northern District of Texas. Originally Published: January 13, 2025 at 11:27 AM PST ...