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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 ...
Filed on Nov. 8 but unsealed on Friday, the lawsuit says Prospect Medical Holdings failed to pay vendors that provide supplies, equipment and staff at the two Providence hospitals.
What the state investigation found. Prospect Medical Holdings, the release said, would take all patient-care revenue from both Roger Williams and Our Lady of Fatima each week, and then dole back ...
In 2005, it became Southern California Hospital. It opened again under the leadership of Prospect Medical Holdings. [4] On January 12, 2025, Prospect Medical filed for Chapter 11 bankruptcy protection, listing assets and liabilities between $1 billion and $10 billion. The company struggled with rising interest costs and high debt.
Prospect Medical Holdings is a private healthcare company based in Los Angeles, California which operates 16 hospitals in the United States, mainly in California and the Northeastern United States. [ 1 ] [ 2 ] [ 3 ]
On February 11, 2022, Christiana Care Health System announced the intent to acquire Crozer Health from Prospect Medical Holdings; however, this was later revoked. [18] On January 12, 2025, Prospect Medical filed for Chapter 11 bankruptcy protection, listing assets and liabilities between $1 billion and $10 billion. The company struggled with ...
Data source: Medical Properties Trust. While the REIT had over 50 tenants, five supplied more than 60% of its revenue. That became an issue as Steward Health Care and Prospect Medical Holdings ran ...
On January 12, 2025, Prospect Medical filed for Chapter 11 bankruptcy protection, listing assets and liabilities between $1 billion and $10 billion. The company struggled with rising interest costs and high debt.