Healthcare Provider Prospect CharterCARE Ancillary Services Files Chapter 11

🚨 BANKRUPTCY FILING ALERT 🚨

PROSPECT CHARTERCARE ANCILLARY SERVICES, LLC
Chapter 11 - Northern District of Texas
Filed: January 12, 2025
Case No. 25-80066

📊 Assets: $1B-$10B | Liabilities: $1B-$10B | Total Creditors: >100,000 | Industry: Healthcare Services

Filing Summary
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Prospect CharterCARE Ancillary Services, LLC operates as part of Prospect Medical Holdings' comprehensive healthcare network, providing medical services across multiple states including California, Connecticut, Pennsylvania, Texas, and Rhode Island. The company maintains its principal place of business in Culver City, California.

The Chapter 11 filing indicates funds will be available for distribution to unsecured creditors. The case is filed as an affiliate case, suggesting coordination with related entities in the corporate structure.

The company enters bankruptcy with significant scale, as evidenced by its billion-dollar-plus asset and liability ranges, and a large creditor base exceeding 100,000 parties.

PROFESSIONALS
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• General Bankruptcy Counsel: Sidley Austin LLP
• Financial Advisor: Alvarez & Marsal North America, LLC
• Investment Banker: Houlihan Lokey, Inc.
• Claims Agent: Omni Agent Solutions, Inc.