Prospect Medical Holdings' Bankruptcy Is Latest Case of Private Equity Ownership Gone Wrong
The health system's financial unraveling has similarities to the much-maligned collapse by Steward Health Care. The spotlight on private equity ownership in healthcare is burning even brighter after Prospect Medical Holdings' descent.
The California hospital chain went bust four years after Leonard Green & Partners took its profits and walked away.
Prospect is the second large health system with a history of private equity ownership to declare bankruptcy in the past year.
Prospect Medical has secured enough financing to continue operating through the initial phase of its bankruptcy case despite ...
Prospect Medical Holdings could ask as soon as Monday for approval to transfer Crozer Health’s hospitals to an operator ...
The owner of two Roger Williams Medical Center and Our Lady of Fatima Hospital has declared bankruptcy but maintains the move ...
The California healthcare system has been under pressure after missing rent payments and facing scrutiny from local ...
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