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Prospect Medical Holdings files for bankruptcy, citing Yale New Haven Health's lawsuit over a failed $435M deal.
Prospect Medical Holdings, which owns three Connecticut hospitals, is in Chapter 11 bankruptcy, blaming Yale New Haven Health's lawsuit to back out of a $435 million deal for exacerbating its financial troubles.
Yale New Haven Health alleges that Prospect's management led to an inflated purchase price.
Prospect countersued for the full purchase price.
The Connecticut hospitals may be sold at auction as soon as June 5.
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Prospect Medical Holdings solicita la quiebra, citando la demanda de Yale New Haven Health por un acuerdo fallido de 435 millones de dólares.