Pennsylvania and Delaware County officials recently made an unusual decision to provide $20 million to keep financially ...

Bankrupt health system Prospect Medical Holdings Inc. won court approval to hand operations of its Pennsylvania hospitals to a state-backed receiver, a last minute deal that averts potential closures ...

Bankrupt Prospect Medical Holdings announced Friday that it intends to sell Crozer Health to a “not-for-profit consortium of ...

The deal between Prospect, which filed for chapter 11 bankruptcy in January, and the Commonwealth of Pennsylvania was signed ...

Bankrupt Prospect Medical Holdings scuttled a deal to sell Crozer Health but secured $20 million in funding from regulators to keep Crozer’s operations afloat for one more month.

The lawsuit accused Prospect Medical Holdings, Inc. of mismanaging and neglecting the Crozer Health System, resulting in closures of facilities and a shattered network of care for hundreds of ...

So far this year, Becker's has reported on two hospitals and one health system that have filed for bankruptcy: 1. Prospect Medical Holdings, a for-profit health system headquartered in Los Angeles ...

Connecticut expects to have a full seat at the table in ensuring the transition of Prospect Medical Holdings’ three local ...

In court documents, Prospect Medical said Crozer Health system is losing millions of dollars monthly and it has spent months searching for alternatives to shutting down the remaining two Crozer ...

U.S. bankruptcy court approves temporary deal to keep Crozer Health hospitals open as Prospect Medical Holdings faces financial struggles.

Pennsylvania officials and Prospect Medical Holdings have reached a preliminary agreement to have FTI Consulting temporarily manage the four-hospital system in Delaware County.

The agreement between the Pennsylvania attorney general and Crozer Health owner Prospect Medical Holdings will put a ...