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Title: Healthcare giant with 166 clinics across the US files bankruptcy, Will ax half of their hospitals
Source: [None]
URL Source: https://endtimeheadlines.org/2025/0 ... ll-ax-half-of-their-hospitals/
Published: Jan 15, 2025
Author: Horse
Post Date: 2025-01-15 12:48:27 by Horse
Keywords: None
Views: 37

A prominent healthcare organization, operating 16 hospitals across four states, has filed for bankruptcy and intends to divest several of its facilities.

Prospect Medical Holdings, which owns 166 clinics in California, Connecticut, Pennsylvania, and Rhode Island and employs approximately 12,600 individuals, initiated Chapter 11 protection in Texas on Saturday.

Historically, the company has been an active acquirer of struggling hospitals; however, it currently faces liabilities exceeding $400 million.

Poster Comment:

DR Kimmy still has a job unless she commutes from Indiana to Pennsylvania and back every day.

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