Prospect Medical Holdings told a bankruptcy judge that it will soon announce stalking horse bids for its Connecticut hospitals, while also asking to consider a botched $435 million deal with Yale New Haven Health (YNHH) from 2022 its leading offer. The for-profit system, which filed for Chapter 11 in January, runs three hospitals in the state: Waterbury Hospital, Manchester Memorial Hospital and Rockville General Hospital. The company ran 16 hospitals and other care sites in Connecticut, Pennsylvania, Rhode Island and California at the time of its declaration, and has been working to find buyers for those assets with decidedly mixed results.
Read the full article: Prospect Medical Holdings Asks Bankruptcy Judge to Preserve Yale New Haven Health’s $435M Hospital Purchase Agreement //
Source: https://www.fiercehealthcare.com/providers/prospect-medical-holdings-asks-bankruptcy-judge-preserve-yale-new-haven-healths-435m