Top resources on Prospect Medical and Leonard Green & Partners

PESP resources on Prospect Medical Holdings and Leonard Green & Partners for reporters and researchers

Reports

How Private Equity Raided Safety Net Hospitals and Left Communities Holding the Bag – November 29, 2022

UPDATE: Leonard Green-led ownership collected $658 million from safety-net hospital company despite challenges, commitment to regulators to forgo dividends – June 10, 2020

Raiding the Safety Net: Leonard Green & Partners Seeks to Walk Away from Prospect Medical Holdings after Collecting $570 Million in Fees and Dividends – February 26, 2020

Blog posts

Prospect safety net hospitals continue to struggle under the legacy of Leonard Green’s past ownership – November 8, 2023

Prospect Medical Closures and Layoffs are Legacy of Private Equity Ownership – November 10, 2022

Prospect Medical Holdings Continues to Sell Off Its Hospitals, Leaving Patient Care in Question – March 9, 2022

Nurse Testifies to US Senate about Private Equity’s Impact on Safety Net Hospital Company Prospect Medical Holdings – November 10, 2021

Leonard Green-Owned Prospect Medical Threatens to Close Safety Net Hospitals After Attorney General Asks Owners to Return a Portion of Dividends – May 11, 2021

Private Equity-Owned Prospect Medical Holdings is in Precarious Financial Situation, According to Independent Financial Review – April 20, 2021

Leonard Green & Partners’ Plan to Sell Old Investments to Itself Raises Questions – December 22, 2020

Leonard Green & Partners Faces Increasing Scrutiny from Regulators and Investors on Prospect Medical Holdings – November 16, 2020

Workers, Community Leaders Speak Out about Leonard Green & Partners’ Prospect Medical Holdings – October 15, 2020

Rhode Island Treasurer letter to Leonard Green & Partners regarding safety net hospital company Prospect Medical Holdings – August 26, 2020

After Paying $658 Million in Dividends and Fees to Investors, Prospect Medical Holdings Received $283 Million in Federal COVID-19 Aid – August 4, 2020

Broken Promises: Regulators Question Leonard Green’s Investment in Prospect Medical Holdings – July 31, 2020

Members of Congress slam Leonard Green & Partners’ response on safety net hospital company Prospect Medical Holdings, calling its actions “unacceptable and dishonest” – July 9, 2020

Leonard Green & Partners comes under fire by Members of Congress for raiding safety net hospital chain Prospect Medical Holdings – June 15, 2020

Letters to State AGs – Leonard Green Should Give Back the Dividends and Fees it Collected from Safety Net Hospital Company Prospect Medical Holdings – June 12, 2020

Wall Street Journal focuses on Cerberus Capital, Leonard Green-owned hospitals’ actions during COVID-19 pandemic – May 11, 2020

Leonard Green & Partners reaps repeated payouts from health care companies – April 14, 2020

In taking $570 million in fees and dividends from Prospect Medical Holdings, Leonard Green leaves health system less equipped to respond to COVID-19 pandemic – March 23, 2020