Bankrupt Prospect Medical Holdings Inc. secured court approval to sell two Connecticut facilities and related properties to a Hartford HealthCare unit for $86.1 million after resolving tax lien issues raised by two towns.
No qualified, competing bids were submitted for Rockville General Hospital and Manchester Memorial Hospital or their associated ambulance businesses and endoscopy center, Prospect attorney Maegan Quejada of Sidley Austin LLP said during a Friday hearing in the US Bankruptcy Court for the Northern District of Texas.
That left ECHN Holding Inc., the Hartford Healthcare nonprofit subsidiary, the successful bidder. Judge Stacey G. Jernigan approved the sale at ...
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.