The collapse of Prospect Medical, a for-profit hospital chain plundered by private equity and the company’s management, has generated a painful litany of woes.
Prospect Medical Holdings
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Will CT recoup $127M in taxes owed by Prospect Medical Holdings?
At a ribbon-cutting at Waterbury Hospital Wednesday, Gov. Lamont said it’s unclear how much in unpaid taxes CT will recover from Prospect.
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CT approves Hartford HealthCare purchase of 2 Prospect hospitals
The approval brings the state closer to concluding a lengthy search to find buyers for Prospect Medical Holdings three CT hospitals.
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Hartford HealthCare could add 2 Prospect CT hospitals to its system by year end
HHC pitched its case to buy Manchester and Rockville hospitals owned by Prospect Medical Holdings. CT must issue a decision by Dec. 30.
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CT officials, hospital staff celebrate UConn takeover of Waterbury Hospital
Some took the opportunity to slam the hospital’s current owner—formerly private equity-backed hospital operator, Prospect Medical Holdings.
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CT bids $13 million to purchase Prospect Medical Holdings’ Waterbury Hospital
UConn Health will serve as ‘stalking horse bidder’ in the bankruptcy court-supervised sale auction, according to court documents filed Friday.
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CT and Prospect Medical Holdings landlord clash over tax debt
The issue plays a central role in ongoing negotiations for UConn Health to acquire Waterbury Hospital, currently owned by Prospect.
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CT could bond $390M for UConn Health, including Waterbury Hospital purchase
The $390 million in funding would cover the $13 million acquisition of Waterbury Hospital from Prospect Medical Holdings.
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Yale will pay $45M to end dispute with Prospect Medical over hospitals sale
The settlement ends a contentious saga over a 2022 deal in which Yale agreed to acquire now-bankrupt Prospect’s 3 CT hospitals for $435M.
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Hartford HealthCare offers $86M for 2 Prospect Medical CT hospitals
Hartford HealthCare’s offer for Manchester Memorial and Rockville General Hospitals will serve as the minimum bid in the bankruptcy auction.
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CT in talks to buy Bristol, Day Kimball and Waterbury Hospitals
Officials are discussing the purchase of Prospect Medical’s Waterbury Hospital and Bristol and Day Kimball hospitals by UConn Health.
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Prospect Medical has yet to name a bidder for its CT hospitals. Now what?
Prospect has yet to disclose potential buyers for court-supervised sale of three CT hospitals — a potentially concerning sign, experts say.
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Prospect Medical Holdings says CT hospital bidder news imminent
Prospect Medical Holdings could announce initial bids for its CT hospitals as soon as Friday, a lawyer said.
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Murphy calls for CT ban on private equity ownership in health care
Ahead of a bankruptcy auction to sell Prospect Medical’s CT hospitals, Murphy called for CT to ban private equity ownership in health care.
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CT regulator approves major reduction in services at Prospect-owned hospital
CT reached a settlement with Prospect Medical Holdings, clearing path for bankrupt hospital owner to end most services at Rockville General.