Prospect Closures And Layoffs Are Legacy Of Private Equity Ownership

Prospect Closures

Prospect Medical Holdings, a hospital chain that owned 17 hospitals in 5 states, has been under fire recently for causing irreparable harm to communities and workers for its hospital closures in Pennsylvania. The Private Equity Stakeholder Project (PESP) has been sounding the alarm of Prospect’s management practices since early 2020. Q3 2022 hedge fund letters, […]