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 ...

FTI Consulting is poised to take over as the temporary manager of Crozer Health pending court approval in the Prospect ...

Prospect Medical Systems, RightRx and Foothill Regional Medical Center to Alhambra, California-based Astrana Health for $745 million. The transaction is expected to close later this year pending ...

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 ...

Bankrupt Prospect Medical Holdings scuttled a deal to sell Crozer Health but secured $20 million in funding from regulators ...

The bankruptcy judge overseeing Prospect Medical Holdings' case approved the appointment of a temporary manager for 30 days.

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

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.