Bankruptcy

Prospect Medical’s Pennsylvania Hospitals at Risk of Closure

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(Bloomberg) — Prospect Medical Holdings Inc. is looking to shutter several hospitals and outpatient facilities in Pennsylvania to stem its cash outflows, a move that employees said could “devastate” local residents. “There is no long term solution at this point,” William Curtin, an attorney for Prospect said at a Tuesday court hearing. The closures would … Read more

Who owns Hooters as casual dining chain in US plans restructuring through bankruptcy – Here’s all you need to know | Company Business News

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The casual dining chain Hooters of America is working with creditors on a plan to restructure the business through bankruptcy in the coming months, reported news agency Bloomberg. The company is working with law firm Ropes & Gray to file for bankruptcy, said the report. The bankruptcy court process is expected to begin in the … Read more