Prospect Medical Holdings has filed for bankruptcy and plans to restructure, maintaining patient services during the process.
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Prospect Medical Holdings - which also owns 166 clinics across California, Connecticut, Pennsylvania and Rhode Island, and employs 12,600 people - filed for Chapter 11 protection in Texas on Saturday.
The move by Prospect Medical Holdings was long expected. Its local hospitals, including Crozer-Chester Medical Center in ...
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Bankruptcy throws into question sale of hospitals to Yale New Haven Health. Prospect also owes $67 million in state taxes.
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