Prospect Home Health and Hospice Files Chapter 11

🚨 BANKRUPTCY FILING ALERT 🚨

PROSPECT HOME HEALTH AND HOSPICE, LLC
Chapter 11 - Northern District of Texas
Filed: January 12, 2025
Case No. 25-80011

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

Filing Summary
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Prospect Home Health and Hospice, LLC operates as a healthcare services provider with operations across California, Connecticut, Pennsylvania, Texas, and Rhode Island. The company provides coordinated, personalized care through its comprehensive networks of medical facilities and affiliated medical groups.

The company filed its Chapter 11 petition as part of a larger corporate restructuring, with related affiliate cases pending. The debtor indicates funds will be available for distribution to unsecured creditors.

The filing represents one of the largest healthcare bankruptcy cases of 2025, with both assets and liabilities reported in the range of $1B-$10B. The company operates as a subsidiary of Prospect Medical Holdings, Inc.

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.