After months of uncertainty, Prospect Medical Holdings said that the Crozer Health system in Pennsylvania will close.

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 ...

Yale New Haven Health had intended to buy the hospitals but said the Prospect’s “mismanagement” had all but ruined chances of inking the deal.

Bankrupt health system Prospect Medical Holdings Inc. won court approval to hand operations of its Pennsylvania hospitals to a state-backed receiver, a last minute deal that averts potential ...

Prospect Medical Holdings is pushing through its bankruptcy proceedings with new deals on its Rhode Island and Pennsylvania hospitals. Monday, the for-profit announced an amended and restated ...

On Friday, Prospect Medical Holdings, the parent company of Crozer Chester and Taylor hospitals, announced a deal to sell the hospitals to a not-for-profit consortium of what the company is ...

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.

Prospect Medical Holdings, the Los Angeles-based healthcare company, cited debts exceeding $400 million in its bankruptcy filing.

What you should know about Prospect Medical Holdings’ bankruptcy filing The company has two hospitals in Rhode Island caring for thousands of the state’s most vulnerable patients.

Prospect Medical Group, which owns 16 U.S. hospitals, filed for bankruptcy protection in Texas on Saturday, seeking to sell East Coast hospitals and re-focus on its California operations.

Prospect Medical Group, which owns 16 U.S. hospitals, filed for bankruptcy protection in Texas on Saturday, seeking to sell East Coast hospitals and re-focus on its California operations.