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Pennsylvania health system to cease operations

  • Prospect Medical Holdings announced Monday it will wind down operations at two Pennsylvania hospitals.
  • The company cited losing millions each month and failing to find a buyer for the facilities.
  • Prospect filed a WARN notice stating 2,651 employees face elimination beginning Friday and concluding by May 2.
  • Reports indicate hospitals lost $12 million monthly and $98 million in six months before the filing.
  • Pennsylvania Governor Josh Shapiro criticized Prospect and seeks legislation against private equity in healthcare.
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  • 82% of the sources are Center
82% Center
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NBC Philadelphia broke the news in Philadelphia, United States on Monday, April 21, 2025.
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