DAILY NEWS CLIP: January 27, 2025

As concerns over Prospect Medical grow, CT lawmakers pledge to better regulate private equity


Connecticut Public – Friday, January 24, 2025
By Sujata Srinivasan

Connecticut lawmakers are considering several proposals this session to better regulate private equity in health care, after similar legislation failed in the chamber last year.

The renewed push comes on the heels of Chapter 11 bankruptcy filings Jan. 11 by private equity-funded Prospect Medical Holdings (PMH), parent company of three financially struggling Connecticut hospitals: Waterbury Hospital, Manchester Memorial Hospital. and Rockville General Hospital.

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