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:

January 29, 2026
Prospect Ends Calif. Sale Row, Expects To Close RI Deal

Prospect Medical Holdings told a Texas bankruptcy judge on Thursday that a dispute stemming from the sale of its California hospitals has been resolved and that the sale of its Rhode Island hospitals may finally close a year after the deal was approved.
January 12, 2026
Prospect Medical Says Calif. Hospital Buyer Owes $11.6M

Prospect Medical Holdings Inc. has asked a Texas bankruptcy judge to order the buyer of its California hospitals to cough up $11.6 million owed under an asset purchase agreement inked last year, saying it's at risk of administrative insolvency.
December 23, 2025
Connecticut's Most Notable Cases Of 2025

Two attorneys who were licensed in Connecticut were convicted in 2025 on charges that either did or could result in prison time, including a longtime real estate attorney who fatally shot a man in his law firm's parking lot. And the state's largest healthcare system said it would pay $45 million to exit an agreement to buy three ailing hospitals that were in much worse condition than previously known. Here's a look back at three of the top cases of 2025.
December 15, 2025
Judge Rejects Genesis Auction, OKs Prospect Ch. 11 Plan

A bankruptcy judge in Texas rejected the result of an auction in Genesis Healthcare's Chapter 11 and confirmed Prospect Medical's bankruptcy plan, and another judge allowed Pine Gate Renewables to access more than $1.6 billion in postpetition funding.
December 12, 2025
Prospect Medical Wins OK For Chapter 11 Plan

A Texas bankruptcy judge approved Prospect Medical Holdings Inc.'s Chapter 11 plan after overruling a slew of objections during an all-day hearing Friday and allowing the healthcare group to hand off its remaining hospitals and pursue litigation to repay creditors.
December 05, 2025
What's Happening In Bankruptcy Court This Coming Week

First Brands will undergo a hearing about a deal regarding its use of lender collateral in its Chapter 11, American Signature will seek the go-ahead on its bidding procedures, and Prospect Medical will make a deferred push to confirm its Chapter 11 plan.
November 26, 2025
What's Happening In Bankruptcy Court This Coming Week

On the heels of the Thanksgiving holiday weekend, bankruptcy judges will consider debtor-in-possession financing requests from hospital operator Prospect Medical and Office Properties Income Trust, bidding procedures for the sale of pharmacy business Omnicare's assets, and a disclosure statement from mortgage service provider AmeriFirst Financial.
November 17, 2025
UConn Health Poised To Buy Hospital In $35M Ch. 11 Deal

Bankrupt for-profit hospital operator Prospect Medical Holdings Inc. on Monday sought approval for the $35 million sale of Waterbury Hospital in Connecticut to two UConn Health units under a stalking horse bid package filed in early November.
October 24, 2025
Judge Lifts Ch. 11 Stay On Prospect Medical Tort Suits

A Texas bankruptcy judge on Friday gave Prospect Medical Holdings permission to sell two Connecticut hospitals for $86 million and gave tort claimants the go-ahead to proceed with suits against the hospital chain, saying she was "beyond frustrated" with delays in settling the claims.
October 10, 2025
Prospect Medical Gets OK For $45M Yale Health Deal In Ch. 11

A Texas bankruptcy judge Friday approved a $45 million settlement between Yale New Haven Health Services Corp. and Prospect Medical that ends a legal battle over failed hospital sales, as Prospect works toward exiting Chapter 11.

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