Prospect Medical Holdings
PE-Owned1 Documented ImpactLeonard Green extracted $400M+ through dividend recaps and management fees while hospitals deteriorated. Multiple facilities closed or in crisis 2023-2025. Subject of congressional investigation.
Ownership Information
Prospect Medical Holdings is owned by Leonard Green & Partners. Private equity ownership often leads to cost-cutting, price increases, and reduced quality of service as firms prioritize returns for investors over customers and employees.Learn more about PE ownership impact →
Timeline
Prospect Medical Holdings founded
Acquired by Leonard Green & Partners
Leonard Green extracted $400M+ from Prospect Medical while hospitals closed
Leonard Green extracted over $400M through dividend recaps and management fees from Prospect Medical Holdings while hospital quality deteriorated. Multiple facilities have closed or face crisis 2023-2025. Subject of congressional investigation. Thousands of jobs and patient care affected.
How a Private Equity Firm Stripped a Hospital Chain for Parts
Los Angeles Times →Before vs. After PE Acquisition
Hospitals closing
Reported 2024
Before PE
17 hospitals
After PE
Multiple closed, rest in crisis
↓ 40%
Community Reviews
Share your experience →Tracked Locations
GA (1)
Atlanta
5639 Main St
Atlanta, GA 30301
555-505-8593
PA (1)
Pittsburgh
218 Main St
Pittsburgh, PA 15201
555-973-4510
TN (1)
Nashville
7162 Main St
Nashville, TN 37201
555-781-1967