Healthcare Services Provider Prospect East Hospital Advisory Services Files Chapter 11

🚨 BANKRUPTCY FILING ALERT 🚨

PROSPECT EAST HOSPITAL ADVISORY SERVICES, LLC
Chapter 11 - Northern District of Texas
Filed: January 12, 2025
Case No. 25-80004

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

Filing Summary
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Prospect East Hospital Advisory Services, LLC operates as a healthcare services provider and subsidiary of Prospect Medical Holdings, Inc. The company is part of a comprehensive healthcare network providing coordinated care services across California, Connecticut, Pennsylvania, Texas, and Rhode Island.

The filing is part of a coordinated Chapter 11 proceeding, with parent company Prospect Medical Holdings, Inc. filing simultaneously in the Northern District of Texas.

The company reports that funds will be available for distribution to unsecured creditors. The filing represents one of the larger healthcare bankruptcy cases of 2025, with both assets and liabilities in the $1B-$10B range.

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.