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Prospect Medical Holdings' bankruptcy halts the sale of three Connecticut hospitals to Yale New Haven Health.
Prospect Medical Holdings has filed for bankruptcy, putting on hold the sale of three Connecticut hospitals—Waterbury, Manchester Memorial, and Rockville General—to Yale New Haven Health.
The bankruptcy could lead to a quick asset sale under a 363 process, but any deal still needs state regulatory approval.
Legal costs for both parties have been rising, with Yale New Haven Health reporting increased fees.
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La bancarrota de Prospect Medical Holdings detiene la venta de tres hospitales de Connecticut a Yale New Haven Health.