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Update: Prospect Medical says it will start closure proceedings of Crozer Health; might be over in 8 days
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.
The Middletown Press1d
Effort to regulate CT private equity hospital ownership fails again amid Prospect bankruptcy auction
"You want to protect private equity from coming in and pillaging our hospitals," House Minority Leader Vincent J. Candelora ...
Becker's Hospital Review12mon
Prospect Medical must pay $17M of unpaid bills in 10 days
Los Angeles-based Prospect Medical Holdings has been ordered to pay more than $17.3 million of unpaid bills to hospital vendors within 10 days by Rhode Island Superior Court Judge Brian Stern on ...
CBS News4mon
Crozer Chester Medical Center to remain open after parent company filed for bankruptcy
Insiders tell CBS News Philadelphia conditions at Crozer Chester Medical Center were already dire. Now, emotions are running even higher after Prospect Medical Holdings, the company that owns the ...
New York Post4mon
Prospect Medical Holdings, hospital network with 182 clinics nationwide, files for bankruptcy
Prospect Medical Holdings, the Los Angeles-based healthcare company, sought bankruptcy protection after its previous owner extracted hundreds of millions of dollars in dividends and management ...
The Boston Globe12mon
Owner of 2 safety-net hospitals in R.I. ordered to pay $17m within 10 days
If Prospect Medical Holdings fails to comply with the court order, “we will pursue all available and appropriate remedies,” said Attorney General Peter F. Neronha’s spokesman Timothy Rondeau ...
Modern Healthcare1mon
Prospect Medical to close Crozer Health facilities
Prospect Medical Holdings-owned Crozer Health plans to start closing facilities following a lengthy, but unsuccessful, battle to secure a buyer. Prospect Medical filed a motion Monday asking the U ...
New Hampshire Public Radio3mon
Timeline of a deal gone sour: Purchase of 3 CT hospitals now appears 'impossible' YNHH says
FILE - Sept. 17, 2024: Manchester Memorial Hospital is one of three community hospitals in Connecticut owned by private equity-funded Prospect Medical Holdings at risk of closure in the absence of ...
WPRI 1211mon
Back-to-back decisions in RI are Prospect Medical’s latest financial headache
PROVIDENCE, R.I. (WPRI) — Prospect Medical Holdings has asked a judge for extra time to show it can pay back $17 million in outstanding bills, as Rhode Island has quickly turned into the latest ...
Orange County Register4mon
Prospect Medical, owner of private hospitals in Southern California, files for bankruptcy
The company noted on Tuesday that certain properties, including Foothill Regional Medical Center in Tustin, are not part of the bankruptcy filing. Prospect Medical Holdings, once an active buyer ...
Modern Healthcare6mon
Prospect Medical expects to sell CharterCare hospitals in January
Rhode Island's Director of Health Dr. Jerry Larkin signed off on Prospect Medical Holdings' pending sale of two CharterCare hospitals to the Centurion Foundation. On Monday, Larkin accepted the ...