Prospect Medical Holdings' Bankruptcy Is Latest Case of Private Equity Ownership Gone Wrong
The health system's financial unraveling has similarities to the much-maligned collapse by Steward Health Care. The spotlight on private equity ownership in healthcare is burning even brighter after Prospect Medical Holdings' descent.
Bankrupt Prospect Medical Holdings did not pay vendors to provide basic medical supplies, and its hospital leaders in Rhode Island on Tuesday morning were forced to delay surgeries. Prospect, a ...
The owner of Roger Williams Medical Center in Providence and Our Lady of Fatima Hospital in North Providence, is ...
Prospect Medical Holdings has filed for bankruptcy and plans to restructure, maintaining patient services during the process.
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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