Healthcare giant with 166 clinics across the US plans to ax half of their hospitals amid bankruptcy

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Healthcare giant with 166 clinics across the US plans to ax half of their hospitals amid bankruptcy

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A healthcare giant that operates 16 hospitals across four states has filed for bankruptcy - with plans to offload several of them. Prospect Medical Holdings - which also owns 166 clinics across California, Connecticut, Pennsylvania and Rhode Island, and employs 12,600 people - filed for Chapter 11 protection in Texas on Saturday. The company, which was once an active buyer of struggling hospitals, has debts of more than $400 million.
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