Becker's Healthcare February 12, 2025
Connecticut Attorney General William Tong on filed Feb. 10 filed a statement of interest in the bankruptcy proceedings for Prospect Medical Holdings and is pushing for a “full seat at the table” to ensure Prospect’s three hospitals in the state are transferred to a “responsible new owner.”
Ten things to know:
1. Los Angeles-based Prospect’s bankruptcy is the “latest chapter in a history of mismanagement and plunder stretching back to 2016,” when the health system bought three Connecticut hospitals, the state attorney general’s office said in court documents. The hospitals are:
- Manchester Memorial Hospital
- Waterbury Hospital
- Rockville General Hospital (Vernon)
2. The for-profit, private equity-backed system promised “robust investment and careful quality control,” protection of...
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