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

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

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.

Prospect Medical Holdings - which also owns 166 clinics across California, Connecticut, Pennsylvania and Rhode Island, and employs 12,600 people - filed for Chapter 11 protection in Texas on Saturday.

The move by Prospect Medical Holdings was long expected. Its local hospitals, including Crozer-Chester Medical Center in ...

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