Healthcare Innovation January 13, 2025
Beleaguered for-profit hospital system will seek to sell off remaining operations outside of California
The for-profit Prospect Medical Holdings, which owns hospital facilities in California, Pennsylvania, Rhode Island, and Connecticut, has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Northern District of Texas.
The company said it plans to focus on its operations in California and to sell the Roger Williams Medical Center and Our Lady of Fatima Medical Center in Rhode Island and continue working with the Commonwealth of Pennsylvania to agree on terms for the divestiture of the Crozer-Chester Medical Center.
WHYY in Philadelphia reports that in an e-mail sent to Crozer employees, Prospect CEO Von Crockett cited a number of challenges, including...
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