Prospect Medical Holdings Acquisition and Expansion
Sector: Hospital • Location: United States
Source: Center for American Progress
In 2010, private equity firm Leonard Green & Partners, L.P. acquired a majority stake in Prospect Medical Holdings, a five-hospital system in Southern California, in a $363 million deal primarily financed by debt. Prospect expanded to include 16 hospitals across five states. Aggressive debt-funded expansion and asset stripping increased financial liabilities significantly, leading to deterioration
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | bankrupt |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | In 2010, private equity firm Leonard Green & Partners, L.P. acquired a majority stake in Prospect Medical Holdings, a five-hospital system in Southern California, in a $363 million deal primarily financed by debt. Prospect expanded to include 16 hospitals across five states. Aggressive debt-funded expansion and asset stripping increased financial liabilities significantly, leading to deterioration in quality, service reductions, facility closures, and eventual Chapter 11 bankruptcy filing in January 2025 with $2.3 billion in debt. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |