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What will be the operational status of Prospect Medical Holdings' hospitals by end of 2025?
2
Resolution / Starting Odds
All hospitals operational • 25%
Some hospitals closed • 25%
Majority of hospitals closed • 25%
All hospitals closed • 25%
Industry reports and 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.
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Partial restructuring • 25%
Successful restructuring • 25%
Other outcome • 25%
Failure to restructure • 25%
Successful asset sales • 25%
Continued financial strain • 25%
Operational improvements • 25%
External economic factors • 25%
Yes • 50%
No • 50%
Other • 25%
Local healthcare provider • 25%
National healthcare chain • 25%
Private equity firm • 25%
Partially Operational • 25%
Fully Operational • 25%
Destroyed • 25%
Non-Operational • 25%
Fully Operational • 25%
Under Different Management • 25%
Closed • 25%
Partially Operational • 25%
Increase in profits • 25%
No significant change • 25%
Decrease in profits • 25%
Other financial outcome • 25%
All operational • 25%
Some operational • 25%
None operational • 25%
Rebuilt or relocated • 25%
25 to 30 • 25%
Less than 25 • 25%
More than 35 • 25%
31 to 35 • 25%
Yes • 50%
No • 50%
Mixed opinions • 25%
Unchanged • 25%
More negative • 25%
More positive • 25%