Genesis Healthcare, which owns facilities including St. Joseph's Center in Trumbull, said it owes up to $10 billion.

After Prospect Medical Holdings declared bankruptcy, lawmakers wanted to rein in private equity in CT health care. But no bills passed.

Healthcare provider Prospect Medical Holdings on Jan. 11, 2025, filed for Chapter 11 bankruptcy protection with plans to reorganize certain medical assets, sell two medical centers in Rhode Island, ...

After Prospect Medical Holdings, the formerly private equity-backed owner of three Connecticut hospitals, declared bankruptcy in January, Gov. Ned Lamont and state officials from both sides of the ...

After Prospect Medical Holdings, the formerly private equity-backed owner of three Connecticut hospitals, declared bankruptcy in January, Gov. Ned Lamont and state officials from both sides of the ...

Prospect Medical Systems lays off 125 The layoffs will impact 125 employees of Prospect’s management services organization, according to notices filed with state regulators.

All sides agreed the issue was a priority after Prospect Medical Holdings filed for bankruptcy in January.

Rep. Lisa Borowski (D-Delaware) proposed the bill, also known as the Health System Protection Act, after the bankruptcy of Prospect Medical Holdings, Inc.

Crozer-Chester Medical Center closed May 2 and Taylor Hospital closed April 25 after Prospect Medical Holdings said it no longer had enough revenue to operate the facilities.

The mayor also addressed what’s being done since Prospect Medical Holdings closed Crozer-Chester Medical Center in nearby Upland on May 2.

The new court filing accuses Prospect Medical of endangering patients, dodging taxes at its three CT hospitals.