Market
What will be the outcome of Prospect Medical Holdings' bankruptcy proceedings by end of 2025?
3
Resolution / Starting Odds
Successful restructuring • 25%
Liquidation • 25%
Acquisition by another entity • 25%
Other outcome • 25%
Bankruptcy court filings and official announcements from Prospect Medical Holdings
Story
Prospect Medical Holdings Files for Bankruptcy Amid Debt Piles and Soaring Costs, Says CT AG William Tong
Jan 12, 2025, 02:19 PM
Prospect Medical Holdings has filed for bankruptcy protection amid ongoing financial struggles, including significant debt and rising operational costs. The Connecticut Attorney General, William Tong, whose office has been investigating Prospect’s financial practices, stated that the bankruptcy will not affect the company's obligations to patient care and safety. This development raises concerns about the future of Prospect Medical, which has been known for acquiring financially troubled hospitals. The situation is further complicated as the company faces a related legal issue that has moved to federal court.
View original story
Similar markets
Successful restructuring • 25%
Partial restructuring • 25%
Failure to restructure • 25%
Other outcome • 25%
Successful asset sales • 25%
Operational improvements • 25%
Continued financial strain • 25%
External economic factors • 25%
Yes • 50%
No • 50%
National healthcare chain • 25%
Local healthcare provider • 25%
Other • 25%
Private equity firm • 25%
Rejected • 25%
Approved without conditions • 25%
Approved with conditions • 25%
Delayed decision • 25%
Emerge successfully • 25%
Liquidate assets • 25%
Other outcome • 25%
Merge with another company • 25%
No • 50%
Yes • 50%
PHA Healthcare required to implement changes • 25%
Other outcomes • 25%
PHA Healthcare cleared of wrongdoing • 25%
PHA Healthcare fined • 25%
Other Outcome • 25%
Sentence Upheld • 25%
Reduced Sentence • 25%
Pardon • 25%
Liquidation • 25%
Other • 25%
Successful restructuring • 25%
Sale to a new owner • 25%