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Sunday, January 12, 2025

Private Hospital Owner Prospect Medical Files for Bankruptcy

 


  • Firm manages network of more than 11,000 doctors, it says
  • Hospital landlord MPT sought control of some assets last year

Prospect Medical Holdings Inc., once an active buyer of cash-strapped hospitals, filed for bankruptcy after struggling with debt piles and soaring costs.

The company listed $1 billion to $10 billion in assets and liabilities each, along with more than 100,000 creditors, in a bankruptcy petition filed in Texas on Saturday.

https://www.bloomberg.com/news/articles/2025-01-12/private-hospital-owner-prospect-medical-files-for-bankruptcy


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