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 ...

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

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

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.

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

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 ...

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 Shapiro administration and the new Pennsylvania attorney are still trying to get Delaware County's Crozer Health back under nonprofit ownership to preserve services and jobs.

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 ...

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 ...