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Funfactalert: did you know that the word bankrupt was first used in the mid-1500s?
It comes from the Italian phrase banca rotta, which literally translates to broken bench.
They owned 166 clinics nationwide, spanning California, Connecticut, Pennsylvania, and Rhode Island.
Surprisingly, this is the second recent case, asSteward Healthalso came under the same scrutiny after declaring bankruptcy.
Community hospitals have suffered immense financial losses due to the actions of private equity firms.
Folks are furious and demanding justice as the innocent are suffering all because of the greed of the rich.
Another hospital owned by Prospect, Manchester Memorial Hospital, also came under fire as doctors complained aboutdelayed payments.
However, after this restructuring, the companys operations will be limited to its seven California-based hospitals.
Theyve tried to sell thesehospitalsbefore, but it hasnt been easy.
The whole bankruptcy scandal of Prospect Holdings drew sharp criticism from netizens who couldnt hold back their anger.
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