March 28, 2017 9:44 AM ET

Healthcare Providers and Services

Company Overview of Prospect Medical Holdings, Inc.

Company Overview

Prospect Medical Holdings, Inc. provides healthcare services through its hospitals, clinics, and physician networks in Southern California, South Central Texas, and Rhode Island. The company also operates specialty clinics and centers that provide specialized care and attention for a specific medical condition or diagnosis through physicians in the areas of orthopedics, cardiovascular, weight loss surgery, wound care, hyperbaric medicine, and other disciplines. In addition, it provides primary care, surgical, behavioral health, and rehabilitation services. The company was incorporated in 1993 and is based in Los Angeles, California.

10780 Santa Monica Boulevard

Suite 400

Los Angeles, CA 90025

United States

Founded in 1993

2,083 Employees

Phone:

310-943-4500

Fax:

310-943-4501

Key Executives for Prospect Medical Holdings, Inc.

Chairman of the Board, Chief Executive Officer and Chief Executive Officer of Alta Hospitals System
Age: 49
President, Chief Executive Officer of Prospect Medical Systems and Chief Medical Officer of Prospect Medical Systems
Chief Financial Officer
Director and President of Promed Health Services Subsidary
Age: 68
President of Alta Hospitals System, Llc
Compensation as of Fiscal Year 2016.

Prospect Medical Holdings, Inc. Key Developments

Prospect Medical Holdings, Inc. Appoints Lester Schindel as Chief Strategy and Development Officer

Prospect Medical Holdings, Inc. appointed Lester Schindel as Chief Strategy and Development Officer for the New England region.

State Of New Jersey May Bid To Buy Saint Michael's Medical Center

Two more potential bidders, including the State of New Jersey, have expressed interest in acquiring Saint Michael's Medical Center, Inc., the financially struggling hospital in Newark that recently filed for bankruptcy.The hospital's largest creditor, New Jersey Health Care Facilities Financing Authority, added its name to the list of possible suitors, as did Prospect Medical Holdings, Inc. Barnabas Health, Inc. has also expressed interest in submitting a bid.

Prospect Medical Holdings Seeks Acquisitions

Prospect Medical Holdings, Inc. issued a statement that “Prospect is a growth company and we are continually seeking opportunities to joint venture with or acquire hospitals in communities similar to those we currently serve, including in the Northeast region. We do not comment on any active discussions we may or may not be having.”

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
September 15, 2016
Prospect Medical Office Building in East Orange, New Jersey
 

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