Prospect Medical Holdings News

This is selected news for Prospect Medical Holdings, which is filed under Sectors / Health Systems. There are 272 news items for this page. Prospect Medical Holdings is occasionally combined with Leonard Green & Partners, Sam Lee and Care New England Health System in news items. A press release filter page is also available for Prospect Medical Holdings.

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Date Headline (link) Source
12/6/2022 Hospital shutdown in Pennsylvania spurs questions about private equity in health care
... trauma and tended to the critically ill. That all changed earlier this year, when its current owners, a Los Angeles-based for-profit company called Prospect Medical Holdings, began cutting services at the 168-bed hospital in Upper Darby, Pennsylvania. First the maternity ward went, then the operating rooms and ...
CBS News
12/6/2022 “What they’ve done is extremely evil”: Pennsylvania hospital shutdown spurs questions about private equity in health care:
... trauma and tended to the critically ill. That all changed earlier this year, when its current owners, a Los Angeles-based for-profit company called Prospect Medical Holdings, began cutting services at the 168-bed hospital in Upper Darby, Pennsylvania. First the maternity ward went, then the operating rooms and ...
timesnewsnetwork.com
12/6/2022 “What they’ve done is extremely evil”: Pennsylvania hospital shutdown spurs questions on personal fairness in well being care:
... the critically in poor health. That all modified earlier this yr, when its present homeowners, a Los Angeles-based for-profit firm referred to as Prospect Medical Holdings, started slicing companies on the 168-bed hospital in Upper Darby, Pennsylvania. First the maternity ward went, then the working rooms and ...
thedailyreformer.com
12/6/2022 Hospital shutdown in Pennsylvania spurs questions about private equity in health care
... trauma and tended to the critically ill. That all changed earlier this year, when its current owners, a Los Angeles-based for-profit company called Prospect Medical Holdings, began cutting services at the 168-bed hospital in Upper Darby, Pennsylvania. First the maternity ward went, then the operating rooms and ...
widelink.us
12/6/2022 'What they've done is extremely evil': Hospital closures spark questions about private equity in healthcare
Private equity has piled into healthcare in recent years, but one company's recent moves have some questioning whether it belongs in the industry. Los Angeles-based Prospect Medical Holdings has come under fire for shuttering hospitals and service lines across multiple states after paying itself and shareholders $457 million from ...
Becker's Hospital Review
12/1/2022 Crozer Looks at Profitability of a Mental Health Facility at DCMH
... Crozer, writes Abraham Gutmana and Harold Brubaker for The Philadelphia Inquirer. Plans from Crozer Health, owner of the hospital, and its for-profit parent company, Prospect Medical Holdings, call for two inpatient psychiatric units, and an adult inpatient acute detox and rehab unit. Other plans include a new urgent care ...
delco.today
11/29/2022 8 recent hospital lawsuits, settlements
... Prospect held in contempt and fined for hospital closure Pennsylvania's attorney general's office filed a petition to have Springfield-based Crozer Health and its parent Prospect Medical Holdings held in contempt and fined $100,000 per day for violating a court order prohibiting the closure of Delaware County Memorial Hospital pending ...
Becker's Hospital Review
11/28/2022 15 hospital, health system sales in the works
... The Centurion Foundation, an Atlanta-based nonprofit organization, has inked an asset purchase agreement to acquire the CharterCare Health Partners system from Los Angeles-based Prospect Medical Holdings. Two hospitals are included in the transaction: Providence, R.I.-based Roger Williams Medical Center and Our Lady of Fatima Hospital. The change ...
henrykotula.com
11/22/2022 Roger Williams, Fatima hospitals sold to nonprofit Centurion Foundation | WPRI.com
PROVIDENCE, R.I. (WPRI) Rhode Island's third-largest hospital network may soon have new ownership. The Centurion Foundation , an Atlanta-based nonprofit organization, has signed an agreement to purchase CharterCARE Health Partners from the for-profit Prospect Medical Holdings Inc., a spokesperson for CharterCARE announced Tuesday. The deal must ...
wpri.com
11/22/2022 Roger Williams, Fatima hospitals’ owners may be acquired by nonprofit group - The Boston Globe
PROVIDENCE Prospect Medical Holdings, the Los Angeles-based company controlled by private equity, may be shedding its Rhode Island-based properties after nearly a decade of tensions with nursing unions and state regulators. Prospect announced Tuesday morning that it has signed a definitive agreement with The Centurion Foundation , an ...
Boston Globe
11/22/2022 Prospect Medical Holdings offloading 2 hospitals to nonprofit
The Centurion Foundation, an Atlanta-based nonprofit organization, has inked an asset purchase agreement to acquire the CharterCare Health Partners system from Los Angeles-based Prospect Medical Holdings. The transaction includes CharterCare's related businesses, real estate assets, physician clinic operations and outpatient services, according to a Nov. 22 news release ...
Becker's Hospital Review
11/18/2022 Sellers Beware: NLRB Expands Employer Requirements to Provide Sales Agreement to Union
... Over Purchase Information Leads to Stalemate With Union At the end of 2015, Crozer-Keystone Health System entered into an Asset Purchase Agreement (APA) with Prospect Medical Holdings Inc. In January 2016, Crozer sent a letter informing employees of the sale, stating that ‚Auunder the APA,‚Au many things related ...
JD Supra
11/17/2022 Shapiro asks court to hold Prospect Medical Holdings in contempt for Delaware County Memorial Hospital closure
asset-paging .direction { color: c40c2f; } Shapiro asks court to hold Prospect Medical Holdings in contempt for Delaware County Memorial Hospital closure Kenny Cooper, WHYY Nov 17, 2022 33 min ago 0 Facebook WhatsApp SMS .tnt-restrict-img-4297836b-11e1-507f-95d1-5596a2242d23 { max-width: 760px; } Delaware County Memorial Hospital in Drexel Hill ...
Philly Tribune
11/16/2022 AG wants Crozer, Prospect held in contempt and fined for hospital closure
The Pennsylvania Office of the Attorney General has filed a petition seeking to have Crozer Health and its parent Prospect Medical Holdings held in contempt and fined $100,000 per day for violating a court order prohibiting the closure of Delaware County Memorial Hospital pending further order by the court, The ...
Becker's Hospital Review
11/16/2022 Shapiro asks court to hold Prospect in contempt for Delco Memorial Hospital closure - WHYY
Pennsylvania Attorney General Josh Shapiro has initiated a new chapter in the legal dispute over the closure of a Delaware County hospital. Shapiro filed a legal petition with the Delaware County Court of Common Pleas on Tuesday asking a judge to hold Prospect Medical Holdings, the parent company of Crozer ...
whyy.org
11/16/2022 Pa. Attorney General wants Prospect Medical held in contempt for Delco hospital closure
The Pennsylvania Office of Attorney General has asked Court of Common Pleas judge to hold Prospect Medical Holdings Inc. in contempt in connection with the Nov. 7 closure of the emergency room at Delaware County Memorial Hospital, in Upper Darby. Read more Jessica Griffin / Staff Photographer by Harold Brubaker Published ...
inquirer.com
11/16/2022 Shapiro asks court to hold Prospect in contempt for Delco Memorial Hospital closure | dispatchist.com
... closure of a Delaware County hospital.Shapiro filed a legal petition with the Delaware County Court of Common Pleas on Tuesday asking a judge to hold Prospect Medical Holdings, the parent company of Crozer Health, in contempt following the closure of Delaware County Memorial Hospital's emergency department.In a written statement ...
dispatchist.com
11/15/2022 Josh Shapiro Adds Attorney General Petition to DCMH Dispute
Pennsylvania's governor-elect and Attorney General Josh Shapiro has entered the fray over Delaware County Memorial Hospital, writes John George for Philadelphia Business Journal. Shapiro's office is petitioning to have DCMH owner Crozer Health and parent company Prospect Medical Holdings held in contempt for violating an Oct. 11 ...
delco.today
11/11/2022 Yale hospital acquisition plans draw concerns over competition
... will cause prices to spike, the Yale Daily News reported Nov. 11. The health system is on the verge of acquiring three Connecticut hospitals from Prospect Medical Holdings: Waterbury Hospital, Rockville General Hospital in Vernon and Manchester Memorial Hospital. According to the student newspaper, this could be a move to ...
Becker's Hospital Review
11/8/2022 Emergency services suspended at Delaware County Memorial Hospital
... County Memorial Hospital. The decision was prompted by a staffing shortage, according to officials. The chairperson of the Delaware County Council blamed the hospital owner, Prospect Medical Holdings, saying it failed to provide enough worker to keep it running. Prospect says it was just following orders of the Pennsylvania Health ...
fox29.com
11/7/2022 Crozer hospital ordered to halt inpatient, ER care
... see patients." The Philadelphia Business Journal reported a patient census of seven people at Delaware County Memorial Hospital as of Nov. 4. Los Angeles-based Prospect Medical Holdings acquired Crozer-Keystone Health System in 2016. The Springfield, Pa.-based system, rebranded to Crozer Health in 2020, includes four hospitals. The ...
Becker's Hospital Review
11/7/2022 State orders Emergency Services Shutdown at DCMH
... Outpatient services at the hospital are unaffected. Delaware County officials are looking for legal ways to keep the hospital open and placed the blame with Prospect Medical Holdings, Inc., the owner of Crozer Health, the hospital's operator. ‚AuProspect's recent history, including its September 21 announcement of its intention ...
delco.today
11/7/2022 Operations at Delaware Co. Memorial Hospital to be suspended - CBS Philadelphia
... in Drexel Hill this morning. The Pennsylvania Department of Health made the announcement on Friday . A county spokesperson says the decision is a result of Prospect Medical Holdings', Crozer Health's parent company, failure to adequately staff the hospital. The county says it's exploring all options to keep the hospital open ...
CBS News
11/5/2022 Pa. hospital's emergency room ordered to close over staffing shortage - pennlive.com
... with RSV strain central Pa. hospitals, with intensive care in short supply In a statement, Delaware County officials blamed the reported lack of staffing on Prospect Medical Holdings Inc ., the owner of Crozer Health, which runs the hospital. ‚AuProspect's recent history, including its September 21 announcement of its intention ...
pennlive.com
11/5/2022 Delaware County Memorial Hospital operations to be suspended - CBS Philadelphia
... Monday, a spokesperson for the county said Friday night. According to Delaware County, the decision to close the hospital is a direct result of the Prospect Medical Holdings, Crozer Health's parent company, to adequately staff Delaware County Memorial Hospital. BREAKING: PA Department of Health is suspending operations at Delaware County ...
CBS News