U.S. bankruptcy court approves temporary deal to keep Crozer Health hospitals open as Prospect Medical Holdings faces financial struggles.

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

The bankruptcy judge overseeing Prospect Medical Holdings' case approved the appointment of a temporary manager for 30 days.

Prospect Medical Holdings, the parent company of Crozer Health in Delaware County, filed for Chapter 11 bankruptcy​ last ...

Pennsylvania officials and Prospect Medical Holdings have reached a preliminary agreement to have FTI Consulting temporarily manage the four-hospital system in Delaware County.

FTI Consulting is poised to take over as the temporary manager of Crozer Health pending court approval in the Prospect ...

The night before a Texas bankruptcy court is scheduled to hear Prospect Medical Holdings’ case involving Crozer Health, some Delaware County Council members had strong words about the situation. “This ...

Pennsylvania Attorney General Dave Sunday and Prospect Medical Holdings have reached an agreement to be considered today in a ...

EAST PROVIDENCE, R.I. (WPRI) — Prospect Medical Holdings, the company that owns Our Lady of Fatima Hospital and Roger Williams Medical Center in Rhode Island, announced over the weekend that it ...

The spotlight on private equity ownership in healthcare is burning even brighter after Prospect Medical Holdings' descent. The California-based for-profit health system filed for Chapter 11 ...

(Bloomberg) -- 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 ...

Prospect Medical Holdings, Inc. (“Prospect Holdings” or the “Company”) today announced that it has received approvals from the United States Bankruptcy Court for the Northern District of ...