Prospect Medical Holdings bought three Connecticut hospitals in 2016. Since then, critics of the move say the group, funded by private equity, cut patient services and drew down hospital finances.
Rhode Island Dept. of Health issues immediate compliance orders to Prospect Medical Holdings over unpaid vendors & cancelled surgeries at two hospitals.
The state attorneys general in Tennessee, North Carolina and Connecticut are cracking down on health systems for various reasons, including care quality and access, the violation of an asset purchase agreement and questionable financial practices.