Several critical services at Prospect-owned Rockville General Hospital closed in March 2020 and have yet to reopen.
The settlement between the hospital operator and its landlord provides liquidity to avoid closures and pursue sales for its assets.
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The latest developments come after Prospect Medical Holdings filed for bankruptcy protection Jan. 11, with the $2.5 billion company down to $3.4 million in cash.
Prospect Medical Holdings secured a key approval in bankruptcy court on Wednesday to move forward with selling Waterbury, Rockville General and Manchester Memorial hospitals. Bankruptcy court ...
A bankruptcy court-ordered face-to-face has yielded a deal to keep two Pennsylvania hospitals owned by Prospect Medical Holdings ... Sheldon Whitehouse, D-Rhode Island, said in early January.
On Thursday, Prospect Medical Holdings filed a motion for the "expedited ... which include health systems in Connecticut, Rhode Island and California, where the company is based.
Prospect Medical Holdings, the system’s California-based parent company, said it intends to shutter Crozer-Chester Medical Center in Upland and Taylor Hospital in Ridley Park within weeks ...
based Crozer Health open “for the immediate future” after its parent company, Los Angeles-based Prospect Medical Holdings, shared plans to close Crozer’s two remaining hospitals in early March.
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