Genesis Healthcare, which owns facilities including St. Joseph's Center in Trumbull, said it owes up to $10 billion.

Healthcare provider Prospect Medical Holdings on Jan. 11, 2025, filed for Chapter 11 bankruptcy protection with plans to reorganize certain medical assets, sell two medical centers in Rhode Island, ...

After Prospect Medical Holdings declared bankruptcy, lawmakers wanted to rein in private equity in CT health care. But no bills passed.

Healthcare providers have dealt with financial issues, such as rising labor and operating costs driven by inflation, a decline in reimbursement rates, and increased insurance liab ...

After Prospect Medical Holdings, the formerly private equity-backed owner of three Connecticut hospitals, declared bankruptcy in January, Gov. Ned Lamont and state officials from both sides of the ...

After Prospect Medical Holdings, the formerly private equity-backed owner of three Connecticut hospitals, declared bankruptcy in January, Gov. Ned Lamont and state officials from both sides of the ...

Prospect Medical Systems lays off 125 The layoffs will impact 125 employees of Prospect’s management services organization, according to notices filed with state regulators.

Affiliates of Genesis’ investor ReGen Healthcare, a private equity firm, have entered into a deal to acquire Genesis, ...

CMX Cinemas, a Miami-based dine-in movie theater chain, files for Chapter 11 bankruptcy again. The company operates in eight states.

Canned fruit company Del Monte Foods filed for bankruptcy, less than a year after executing a controversial debt restructuring.

A student housing operator in Georgia filed for bankruptcy after defaulting on roughly $520 million in secured notes as it struggled with rising costs and declining revenue.

Los Angeles-based Prospect Medical Holdings has shared plans to lay off 125 employees at its Orange, Calif.-based Prospect Medical Group location, according to a June 20 WARN notice obtained by ...