Prospect Medical Holdings, Inc. filed for Chapter 11 bankruptcy on Saturday night. The bankruptcy filing affects several hospitals in Connecticut, including Waterbury Hospital, Manchester Memorial Hospital,

On Jan. 11, Prospect Medical Holdings, the owner of three hospitals in Connecticut, filed for Chapter 11 bankruptcy. Prospect’s filing listed debts of more than $400 million. The company hopes the bankruptcy process will allow it to expedite the sale of hospitals outside its home state, California, while stabilizing its financial footing.

In a statement, the company said specifically it was looking to expedite the sales of Roger Williams and Our Lady of Fatima medical centers.

Prospect Medical Holdings, which owns Manchester Memorial Hospital, Rockville General Hospital and Waterbury Hospital, has filed for Chapter 11 bankruptcy.

Crozer Health, the hospital system in Delaware County, is expected to continue operating as Prospect looks to sell the asset and restructure.

A Los Angeles-based company that owns more than a dozen hospitals in four states filed for bankruptcy late Saturday night, the second major system acquired by private equity to collapse in less than a year.

Bankruptcy throws into question sale of hospitals to Yale New Haven Health. Prospect also owes $67 million in state taxes.

The owner of three Connecticut hospitals with financial difficulties has filed for Chapter 11 bankruptcy and state officials say they are watching the matter closely to protect patient care and safety.