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Hospital Operator Hits Ch. 11 With $1B-Plus Debt, Sale Plans

By Aaron Keller ( January 12, 2025, 3:27 PM EST) -- Listing more than $1 billion in debts, California-based hospital operator Prospect Medical Holdings Inc. and several subsidiaries on Saturday filed a Chapter 11 petition in bankruptcy court in the Northern District of Texas, saying they intend to advance the planned sales of several facilities and refocus on operations in their home state....

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