Prospect Medical Holdings, Inc.
Case Number:
8:25-bk-80002
Court:
Nature of Suit:
Firms
- Laffey Bucci
- Sidley Austin
- Taft Stettinius
- Foley & Lardner
- Honigman LLP
- Dentons
- Chiesa Shahinian
- Goe Forsythe
- Levy Ratner
- Easton & Easton
- Gray Reed
- Kurtzman Steady
- KTBS Law
- Tucker Arensberg
- Mirick O'Connell
- Fishman Jackson
- Werner Ahari
- Spector & Cox
- Porter Hedges
- Paul Hastings
- Mitby Pacholder
- Connolly Gallagher
- Kane Russell
- BDF Law Group
- Sirlin Lesser
- Brinkman Law Group
- Kessler Collins
- Wetzel Gagliardi
- Cain & Skarnulis
- Rochelle McCullough
- Obermayer Rebmann
- Mandelbaum Barrett
- Munsch Hardt
- Zarwin Baum
- Hogan Lovells
- Perdue Brandon
- Pagter & Perry Isaacson
- King & Spalding
- Jenkins & Kling
- Daley & Orton
- Vorys
- Okin Adams
- Vartabedian Hester
- Markowitz & Richman
- Hunton Andrews
- Norton Rose
- Levinson Arshonsky
- Stinson LLP
- Brock & Scott
- Wick Phillips
- Kramer Levin
- McCarthy & Holthus
- Wiggin & Dana
- Godwin Bowman
- Manier & Herod
- Jones Murray LLP
- Fox Swibel
- Hemar Rousso
- Howley Law PLLC
- Demerle & Associates
- Husch Blackwell
- Stutzman Bromberg
- Ferguson Braswell
- Ritter Spencer
- Maurice Wutscher
- Miller Canfield
- Javerbaum Wurgaft
- Reed Smith
- Faegre Drinker
- Sills Cummis
- Kemp Smith
- Ballard Spahr
- Aldridge Pite
- Blank Rome
- Jones Walker
- Pashman Stein
- Eversheds Sutherland
- Fultz Maddox
- Buchalter APC
- Allen Matkins
- Miller George & Suggs
- Ross Smith & Binford
- Padfield & Stout
- Streusand Landon
- Katten Muchin
- Dorsey & Whitney
- Greenberg Traurig
- Togut Segal
- Pullman & Comley
- Prince Lobel
- Kelly Hart
- Cravath Swaine
- Kelley Drye
- Cantey Hanger
- Alderman & Alderman LLC
- Morgan Lewis
- Holland & Hart
- Frost Brown
- Wachtell Lipton
- Stark & Stark
- Liskow & Lewis
- Quinn Emanuel
- Altman Nussbaum
- Sheppard Mullin
- Winston & Strawn
- McCarter & English
- Snell & Wilmer
- Linebarger Goggan
- Dykema
- Bernstein Burkley
- Butler Snow LLP
- J.R. Jones Law
- Weil Gotshal
- Clark Hill
- Vinson & Elkins
- Haynes Boone
- Zeichner Ellman
- Duane Morris
- Troutman
- Pillsbury Winthrop
- Lewis Brisbois
- Dinsmore & Shohl
- Fox Rothschild
- Condon Tobin
- Gordon Rees Scully Mansukhani
- Baker Donelson
- Moritt Hock
- Shipman & Goodwin
- Bass Berry
- Neligan LLP
- Neuwirth Law Office
- Jackson Walker LLP
- Langley & Banack
- Hendershot Cowart
- Latham & Watkins
Companies
- Hologic Inc.
- Change Healthcare Inc.
- Centerbridge Partners LP
- Convex Insurance UK Ltd.
- Constellation Energy Corp.
- BDO USA LLP
- Dayforce Inc.
- AXA SA
- Southern California Gas Co.
- BDO LLP
- Arch Capital Group Ltd.
- Dext Capital LLC
- Province LLC
- Beckman Coulter Inc.
- YMCA of the USA
- Stryker Corp.
- CPI Corporation
- Global Healthcare Exchange LLC
- Altera Digital Health Inc.
- De Lage Landen International BV
- Intuitive Surgical
- American Federation of Teachers
- Safety National Casualty Corp.
- Yale New Haven Health
- Healthcare Realty Trust Inc.
- UGI Corp.
- UGI Energy Services LLC
- Solventum
- AXA XL Ltd.
- Humana Inc.
- The Cigna Group
- Compass Group PLC
- Medical Properties Trust Inc.
- Med-Metrix LLC
- Microsoft Corp.
- DaVita Inc.
- Allscripts Healthcare Solutions Inc.
- FTI Consulting Inc.
- North American Partners in Anesthesia LLP
- Alvarez & Marsal Holdings LLC
- Southern California Edison Co.
- Cardinal Health Inc.
- PECO Energy Co.
- Compass Minerals International, Inc.
- Point32Health
- Prospect Medical Holdings Inc.
- Christiana Care Health System Inc.
- Aya Healthcare
- Independence Blue Cross Inc.
- Blue Shield of California
- Cerner Corp.
- Lumen Technologies Inc.
- Faraday Reinsurance Co. Ltd.
- Lexington Insurance Co.
- Coverys
- Wells Fargo & Co.
- Optum Inc.
- Thermo Fisher Scientific Inc.
- The PNC Financial Services Group Inc.
- McKesson Corp.
- U.S. Bancorp
- Houlihan Lokey Inc.
- PricewaterhouseCoopers LLP
- Jefferies Financial Group Inc.
- Team Health Holdings, Inc.
Government Agencies
- Pension Benefit Guaranty Corp.
- Texas Comptroller of Public Accounts
- City of Waterbury, Connecticut
- National Labor Relations Board
- California Health and Human Services Agency
Sectors & Industries:
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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.
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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.
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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.
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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.
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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.
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April 28, 2025
Imerys Ch. 11 Trial Abruptly Paused, Celsius Seeks Sanctions
Talc producer Imerys is nearing Chapter 11 plan confirmation after a trial commenced; a plan administrator for Celsius moved to impose sanctions in another crypto firm’s bankruptcy; and Prospect Medical secured court approval to close two facilities.
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April 22, 2025
Judge Approves Prospect Medical's Pa. Hospitals' ClosureÂ
A Texas bankruptcy judge on Tuesday approved Prospect Medical Holdings' request to close two Pennsylvania hospitals after the bankrupt operator was unable to secure another entity to run the hospitals despite support from government and community organizations to keep them open.
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April 10, 2025
Prospect Medical Hospitals Get One More Reprieve In Ch. 11
Hospital operator Prospect Medical has scored $6 million in financing to temporarily stave off the closure of three Pennsylvania hospitals, the debtor's counsel told a Texas bankruptcy judge Thursday.
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March 24, 2025
Prospect Medical Scores $13M Funding Bump Amid Sale Talks
Counsel for hospital operator Prospect Medical told a Texas bankruptcy judge Monday the debtor recently struck a deal to further finance the operation of its hospitals in Pennsylvania to the tune of $13 million, with the help of a nonprofit, as the parties continue negotiations.
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March 19, 2025
Prospect Medical Gets Deal With MPT To Start Sale Process
A Texas bankruptcy judge on Wednesday approved a settlement between hospital operator Prospect Medical Holdings Inc. and landlord Medical Properties Trust Inc. that allows the debtor to launch a sale process for its facilities in California and Connecticut and borrow $25 million to fix earthquake damage.