The deal between Prospect, which filed for chapter 11 bankruptcy in January, and the Commonwealth of Pennsylvania was signed off on by Judge Stacey Jernigan and came after a proposed sale of Crozer to ...
Delaware County and the state each committing $10M in funding for operations while FTI Consulting is running Crozer Health.
Ned Lamont says Prospect's bankruptcy filing may mean someone other than Yale buys the companies Connecticut hospitals in ...
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.
Several hospitals and one health systems has already filed for bankruptcy in 2025. Despite hospital operating margins gradually improving, headwinds persist.
FTI Consulting is poised to take over as the temporary manager of Crozer Health pending court approval in the Prospect ...
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