The Pennsylvania Attorney General could have a greater say over health system sales to private equity firms. House Bill 1460 would prohibit for-profit and investor-owned ...

Officials have repealed an ordinance that could have cost the town up to $2 million for a tax refund if and when Manchester Memorial Hospital is sold. Prospect Medical Holdings, which owns Eastern ...

A bill that would place restrictions on private equity transactions involving health systems moved one step forward as state representatives passed the measure and it now moves to the state Senate. By ...

"You want to protect private equity from coming in and pillaging our hospitals," House Minority Leader Vincent J. Candelora ...

said January 13th 2025 at the state capitol that the hospitals will stay open as parent company Prospect Medical Holdings begins Chapter 11 bankruptcy proceedings in Texas. Credit: Sujata ...

A deal must be made by 4 p.m., said an attorney for Prospect Medical Holdings, which owns Taylor Hospital and Crozer-Chester Medical Center. If not, Prospect will pursue a closure motion in court and ...