PA - HB1460 Providing for approval from the Department of Health and the Office of Attorney General before certain transactions involving health care entities within this Commonwealth.

PA’s HB 1460 passed the House 121-82 but remains stalled in a Senate committee as of Feb 2026. If signed, it’ll ban predatory leasebacks and let the Attorney General block "raids" from #PrivateEquityVultures like LGP (5/5)

#ConsumerSafety #ProspectMedical

www.billtrack50.com/billdetail/1...

LGP’s strategy was "vulture extraction." In 2018 Prospect medical had no choice but to take a $1.1B loan and had to send ~$457M to LGP & investors as dividends. Hospitals were left with all the debt - LGP took the loot. (2/5)

#PrivateEquityVultures #ProspectMedical

www.youtube.com/watch?v=k1RS...

2016 PE firm Leonard Green & Partners #LGP bought PA’s Crozer-Chester via #ProspectMedical. A non-profit "safety net" for 500k people became a profit engine. By 2025, the busiest ER in the county was closed, leaving poor patients with no care (1/5)

#PrivateEquity

www.youtube.com/watch?v=k1RS...

Bipartisan Senate report slams private equity's "detrimental effects" on hospitals Two private equity firms' efforts to wring profits out of hospitals in underserved communities put patients in danger, according to a new report by a powerful Senate committee.

Users on r/CrunchGym & city-specific subreddits (like r/tampa and r/ElPaso) have reported posts mentioning "Leonard Green Partners," "Private Equity," or "Senate Investigation" are removed by "Reddit filters" almost immediately.

#LGP #ProspectMedical

www.cbsnews.com/news/senate-...

Venture Capital: Mass murder in suits and Italian shoes.

#ProspectMedical

Prospect Medical Holdings files for bankruptcy after owners took hundreds of millions in payouts Bankruptcy comes days after scathing Senate report on private equity impact on hospitals.

Hundred of millions to CEOs and shareholders and now they file bankruptcy.
Medical care should not be a for-profit system
#prospectMedical

www.cbsnews.com/news/prospec...

“‘It’s such a brutal case of unabashed greed,’ said Rosemary Batt…. ‘We’re talking here about safety-net hospitals that are serving the poor, the unemployed, disproportionately people of color. They’re just doing this immoral sucking out of resources. That is beyond the pale.’” #ProspectMedical