Labor unions are asking for more details on Prospect Medical Holdings Inc.'s proposed $10 million sale of a shuttered Pennsylvania hospital that would allow the private health-care provider to avoid abandoning the property in bankruptcy.
Chariot Allaire Partners LLC, the proposed buyer for Prospect’s Crozer-Chester Medical Center, hasn’t shown it can comply with state health-care or local zoning requirements, operate the facility effectively, or provide assurances about future operations, the two labor unions said in an objection filed Wednesday in the US Bankruptcy Court for the Northern District of Texas.
Prospect or Chariot should be forced to provide more information ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.