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.

Pennsylvania officials and Prospect Medical Holdings have reached a preliminary agreement to have FTI Consulting temporarily manage the four-hospital system in Delaware County.

The transfer company said the health system owed it $267,000 before Los Angeles-based Prospect Medical Holdings, Crozer's for-profit owner, filed for bankruptcy Jan. 11, according to The ...

Rockville General Hospital is one of three hospitals in Connecticut owned by Prospect Medical Holdings. Credit: Shahrzad Rasekh / CT Mirror This story is part of CT Mirror Explains, an ongoing ...

Just recently it was reported that another large tenant, Prospect Medical Holdings ('Prospect'), faces struggles with debt and soaring expenses. Due to these issues, Prospect has even filed for ...

There was another hit on Medical Properties Trust, Inc. (NYSE:MPW) investors this week. This time, it's from Prospect Medical, as it declared Chapter 11 bankruptcy, attempting to buy more time to ...

The spotlight on private equity ownership in healthcare is burning even brighter after Prospect Medical Holdings' descent. The California-based for-profit health system filed for Chapter 11 ...

(Bloomberg) -- Bankrupt hospital chain Prospect Medical Holdings Inc. won court permission to start drawing from its $100 million Chapter 11 financing despite a challenge from landlord Medical ...

LOS ANGELES--(BUSINESS WIRE)--Prospect Medical Holdings, Inc. (“Prospect Holdings” or the “Company”) today announced that it has received approvals from the United States Bankruptcy Court ...