There was hope for a buyer for Prospect’s hospitals in 2022 when Yale New Haven Health agreed in a tentative agreement to ...

A renewed push to regulate private equity ownership of hospitals in Connecticut succumbed to the same knotty complications that frustrated last year's first attempt to reach a consensus at the state ...

In an initial filing seeking Chapter 11 protections, Prospect Medical Holdings, which owns facilities in California, Pennsylvania, Rhode Island, and Connecticut, listed debts of more than $400 ...

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 ...

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 ...

Prospect Medical Holdings, the owner of three struggling Connecticut hospitals in Waterbury, Manchester, and Vernon, is working with restructuring advisors to explore ways to address the company ...

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 ...

A federal bankruptcy judge agreed to a deal on Thursday that places Prospect Medical’s struggling health system Crozer Health into a 30-day receivership. Under the terms, Pennsylvania regulators ...

As signaled last week, Prospect Medical Holdings – the owner of two for-profit Rhode Island hospitals – has filed for Chapter 11 bankruptcy. The company filed the motion in a Texas court late ...

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 ...

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 ...

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 ...