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Market
Will Prospect Medical Holdings sell a major asset by mid-2025?
2
Resolution / Starting Odds
Yes • 50%
No • 50%
Press releases or financial news reports confirming the sale of a major asset by 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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Similar markets
Yes • 50%
No • 50%
Successful restructuring • 25%
Other outcome • 25%
Failure to restructure • 25%
Partial restructuring • 25%
External economic factors • 25%
Successful asset sales • 25%
Operational improvements • 25%
Continued financial strain • 25%
National healthcare chain • 25%
Private equity firm • 25%
Local healthcare provider • 25%
Other • 25%
No • 50%
Yes • 50%
Modified Terms • 25%
Cancelled • 25%
Completed • 25%
Delayed • 25%
Yes • 50%
No • 50%
