Prospect Medical Says Calif. Hospital Buyer Owes $11.6M

By Emily Lever · January 12, 2026, 5:10 PM EST

Prospect Medical Holdings Inc. has asked a Texas bankruptcy judge to order the buyer of its California hospitals to cough up $11.6 million owed under an asset purchase agreement inked last...

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Bankruptcy Scorecard

Summary

Listing more than $1 billion in debts, California-based hospital operator Prospect Medical Holdings Inc. and several subsidiaries 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.

Case Number

25-80002

Judge

Stacey G. Jernigan

Venue

U.S. Bankruptcy Court for the Northern District of Texas

Capital Structure

Total Liabilities:

Between $1 billion and $10 billion.

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Documents

Related Sections

Case Information

Case Title

Prospect Medical Holdings, Inc.

Case Number

8:25-bk-80002

Court

Texas Northern

Nature of Suit

Date Filed

January 11, 2025

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