Crozer Health’s owner filed for bankruptcy protection
Prospect Medical Holdings Inc., the owner of Delaware County’s Crozer Health, filed for bankruptcy protection Saturday night. The move by the Los Angeles company was long expected, as it struggled to sell its money-losing East Coast hospitals in Pennsylvania,
Prospect Medical Holdings, owner of Crozer Health, files for bankruptcy after owner payouts
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.
‘Possibly the worst example of private equity greed’: In Prospect Medical bankruptcy, echoes of Steward
The California hospital chain went bust four years after Leonard Green & Partners took its profits and walked away.
Crozer Health parent company Prospect Medical Holdings says it is going Chapter 11
Crozer Health parent company Prospect Medical Holdings has announced that it is filing for Chapter 11 bankruptcy, and the reaction Sunday within Delaware County has been swift. In a statement on Sunday morning to employees obtained by the Daily Times,
Owner of Crozer Health in Delaware County files for Chapter 11 bankruptcy
Prospect Medical Holding says its facilities will remain open as it works to sell off its hospitals, including Crozer-Chester Medical Center in Chester and Taylor Hospital in Ridley Park.
Healthcare system present in multiple states files for bankruptcy protection
Prospect Medical Holdings, Inc., founded in 1998, currently owns 16 hospitals across four states including California, Connecticut, Pennsylvania, and Rhode Island. In addition to the hospitals, the company also operates 166 outpatient clinics and centers.
Prospect Medical Holdings files for bankruptcy
Prospect is the second large health system with a history of private equity ownership to declare bankruptcy this year.
Prospect files for bankruptcy
Prospect Medical Holdings files for Chapter 11 protection to sell 10 of its 16 hospitals, prioritizing operations in California and realigning focus outside th
Prospect Medical Holdings, owner of Crozer Health, files for bankruptcy
Crozer Health, the hospital system in Delaware County, is expected to continue operating as Prospect looks to sell the asset and restructure.
Crozer Health owner Prospect Medical files for bankruptcy
The bankruptcy filing comes as the prospect of a state takeover of the struggling Delaware County health system looms.
Private Hospital Owner Prospect Medical Files for Bankruptcy
Prospect Medical Holdings Inc., once an active buyer of cash-strapped hospitals, filed for bankruptcy after struggling with debt piles and soaring costs.
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Prospect Medical Holdings Files for Chapter 11, Intends to Sell Pennsylvania, Connecticut, and Rhode Island Hospitals
Prospect Medical Holdings has filed for bankruptcy and plans to restructure, maintaining patient services during the process.
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