Prospect Medical Holdings has filed for bankruptcy and plans to restructure, maintaining patient services during the process.

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Prospect Medical Holdings - which also owns 166 clinics across California, Connecticut, Pennsylvania and Rhode Island, and employs 12,600 people - filed for Chapter 11 protection in Texas on Saturday.

Prospect’s bankruptcy filing also comes after months of legal battles with state governments, including Connecticut, Pennsylvania and Rhode Island, over allegations of financial mismanagement and underinvestment in their hospital systems. Lamont framed ...

The move by Prospect Medical Holdings was long expected. Its local hospitals, including Crozer-Chester Medical Center in Upland and Taylor Hospital in Ridley Park, are expected to continue operating.

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Bankruptcy throws into question sale of hospitals to Yale New Haven Health. Prospect also owes $67 million in state taxes.