prospect medical holdings News

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 of critical health centers. The agreement approved Thursday by Judge Stacey …

Prospect Medical Holdings Inc., once an active buyer of cash-strapped hospitals, filed for bankruptcy after struggling with debt piles and soaring costs. The company listed $1 billion to $10 billion in assets and liabilities each, along with more than 100,000 …