Prospect Medical Holdings filed for bankruptcy amid ongoing complications over the sale of its three CT hospitals to Yale New ...

Prospect Medical Holdings has filed for bankruptcy and plans to restructure, maintaining patient services during the process.

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Under the deal, the Sackler family members will eventually pay a total of $6.5 billion while Purdue will pay $900 million.

Bankruptcy throws into question sale of hospitals to Yale New Haven Health. Prospect also owes $67 million in state taxes.

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Prospect is the second large health system with a history of private equity ownership to declare bankruptcy in the past year.

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A healthcare giant that operates 16 hospitals across four states has filed for bankruptcy - with plans to offload several of them. Prospect Medical Holdings - which also owns 166 clinics across ...