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%
Tracked Locations
CO (2)
Denver
2898 Main St
Denver, CO 80201
555-110-7759
Denver
1554 Main St
Denver, CO 80201
555-548-9666
FL (1)
Orlando
5462 Main St
Orlando, FL 32801
555-986-2445
GA (1)
Atlanta
2445 Main St
Atlanta, GA 30301
555-482-5947
TX (2)
Houston
5739 Main St
Houston, TX 77001
555-822-1345
San Antonio
1871 Main St
San Antonio, TX 78201
555-344-9203
WA (1)
Seattle
6633 Main St
Seattle, WA 98101
555-283-4873