Prospect Medical Holdings, Inc.

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Case overview

Case Number:

8:25-bk-80002

Court:

Texas Northern

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

September 17, 2025
Yale Health System Settles $435M Hospital Sale Suit

Yale New Haven Health Services Corp., Connecticut's largest hospital system, has reached a settlement in principle with bankrupt Prospect Medical Holdings Inc. that would resolve a $435 million contract dispute over the sale of several hospitals in the state.
September 04, 2025
Yale Hospital's Info Request Upheld In $435M Property Suit

Three third-party hospital real estate holding companies and their corporate parent cannot challenge a decision requiring them to give records to Yale New Haven Health Services Corp. for its $435 million asset sale dispute with bankrupt Prospect Medical Holdings Inc., a Connecticut appeals court has ruled.
August 20, 2025
Judge Keeps Yale-Prospect Medical Sale Feud In Ch. 11 Court

A Texas bankruptcy judge on Wednesday paused Yale New Haven Health Services Corp.'s request to reopen a $435 million Connecticut feud over a deal to purchase three hospitals from debtor Prospect Medical Holdings Inc., saying she first wants to hear Prospect's plan to repair the troubled contract.
August 19, 2025
Prospect Medical Says Yale Deal Is Top Offer For Hospitals

Hospital operator Prospect Medical Holdings Inc. has asked to assume a $435 million pre-bankruptcy agreement to sell its three Connecticut hospitals to Yale New Haven Health Services Corp., arguing it contains the "highest possible recovery" for its creditors.
August 06, 2025
Prospect Medical Names Stalking Horse For California Assets

Bankrupt healthcare company Prospect Medical Holdings Inc. told a Texas bankruptcy judge it had selected a subsidiary of Healthcare Systems of America to provide a bidding floor for debtor assets in California.
July 23, 2025
Yale Wins Bid To Keep $435M Hospital Sale Suit In State Court

A Connecticut federal judge has sided with Yale New Haven Health Services Corp., the state's largest hospital system, in sending a contract suit with a bankrupt hospital seller back to state court, finding that remand would best preserve court resources rather than transferring it to a bankruptcy judge in Texas.
July 15, 2025
Catching Up With New Bankruptcy Case Action

From a pair of healthcare bankruptcies to a startup investment platform's Chapter 11 case, here are the latest new insolvency proceedings.
July 08, 2025
Prospect Medical Doctor Groups Hit Ch. 11 After Astrana Sale

About two dozen physician practices linked to bankrupt healthcare company Prospect Medical have filed for Chapter 11 protection in Texas, days after Prospect sold some of the entities' assets to Astrana Health Inc. for $708 million.
June 26, 2025
Under The Radar: Bankruptcy News You May Have Missed

The U.S. Trustee's Office opposed Prospect Medical's Chapter 11 plan disclosure on the grounds that the plan can't be confirmed because of its release provisions; hospital operator Steward Health Care's former captive insurer appealed a bankruptcy judge's decision to OK a settlement Steward struck with secured lenders; and Celsius Network asked a federal judge to let its lawsuit targeting blockchain analysis company Chainalysis Inc. continue.
April 30, 2025
Judge Rejects $5M Fee Bid In Prospect Medical's Ch. 11

Bankruptcy Code provisions that allow creditors who make substantial contributions to be reimbursed for costs don't cover Prospect Medical's pre-Chapter 11 investment banker, a Texas bankruptcy judge said Wednesday, rejecting a finance firm's bid for a $5 million sale fee.