Prospect Medical Holdings – Owner Of 3 Connecticut Hospitals – Files For Bankruptcy

The owner of three Connecticut hospitals with financial difficulties has filed for Chapter 11 bankruptcy and state officials say they are watching the matter closely to protect patient care and safety.

Prospect Medical Holdings, a private-equity group that owns Connecticut’s Waterbury Hospital, Manchester Memorial Hospital, and Rockville General Hospital, said it is “proceeding on a strategic pathway to realign its organizational focus outside of California” and that it plans to rededicate itself to its original mission of serving the community.

Gov. Ned Lamont said his administration has been preparing for this possibility and that he will continue to hold Prospect accountable for providing quality care to the communities that rely on its facilities…

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