Alhambra, Calif.-based Astrana Health acquired Los Angeles-based Prospect Health System on July 1 for $708 million. Astrana, formerly known as Apollo Medical Holdings, entered into a $745 million ...

Astrana Health (formerly Apollo Medical Holdings) has closed its deal to acquire the assets of Prospect Health, which include ...

"It is out of our control at this point. There is nothing we can do to get those taxes until the bankruptcy court resolves this,” the mayor said.

The layoffs will impact employees of Prospect’s management services organization, according to notices filed with state ...

After Prospect Medical Holdings, the formerly private equity-backed owner of three Connecticut hospitals, declared bankruptcy ...

After Prospect Medical Holdings, the formerly private equity-backed owner of three Connecticut hospitals, declared bankruptcy in January, Gov. Ned Lamont and state officials from both sides of the ...

Prospect’s EBITDA margin dropped from 10.8% in 2015 to just 0.6% in 2018. In addition, Prospect faced $260 million in unfunded pension liabilities as of September 2018.

Officials with Prospect Medical Holdings, which owns Crozer Health, said the health system is ceasing operations and thousands will be laid off.

Crozer-Chester Medical Center and Taylor Hospital will remain open after Prospect Medical Holdings warned the Delaware County health system could possibly shut down.

Prospect Medical Holdings filed for bankruptcy on Jan. 11. The for-profit company had been sued by the Pennsylvania attorney general in October, alleging financial mismanagement and negligence.