Prospect Medical Doctor Groups Hit Ch. 11 After Astrana Sale

By Alex Wittenberg · July 8, 2025, 5:22 PM EDT

About two dozen physician practices linked to bankrupt healthcare company Prospect Medical have filed for Chapter 11 protection in Texas, days after Prospect sold some of the entities' assets to Astrana...

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Bankruptcy Scorecard

Summary

PHP Holdings, the parent company of physician-related debtors linked to bankrupt healthcare firm Prospect Medical, filed for Chapter 11 protection in Texas, citing $1 billion of debt and $50 million of assets.

Case Number

8:25-bk-80157

Judge

Brendan L. Shannon

Venue

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

Capital Structure

Total Liabilities:

$1 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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