Prospect Medical Group is an independent physician association (IPA) supporting CA, CT, NJ, PA, and RI residents. Discover more about us and our mission!

Jan 12, 2025 · 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...

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] Prospect was founded in 1996 by a group of physicians in California.

On January 11, 2025, Prospect Medical Holdings, Inc. and certain of its subsidiaries (collectively, “Prospect Holdings”) initiated voluntary chapter 11 proceedings in the United States Bankruptcy Court for the Northern District of Texas (the “Bankruptcy Court”).

Jan 20, 2025 · Prospect Medical Holdings, the owner of three Connecticut hospitals, filed for bankruptcy on Jan. 11 amid ongoing complications related to the sale of the hospitals to Yale New Haven Health.

6 days ago · Prospect Medical Holdings’ downward spiral into bankruptcy left many of its 16 hospitals and related facilities in limbo as the for-profit company looks to condense that portfolio and sell off ...

The Bankruptcy Court granted Prospect Holdings interim approval to access new money term loans in an aggregate principal amount of up to $100 million, of which $29 million is available...

Feb 3, 2025 · “While Prospect Medical Holdings paid out $645 million in dividends and preferred stock redemption to its investors—$424 million of which went to Leonard Green shareholders—it took out ...