Prospect Medical Files Bankruptcy
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Prospect MedicalCBS News
•Prospect Medical Holdings files for bankruptcy after owners took hundreds of millions in payouts
73% Informative
Prospect Medical Holdings filed for bankruptcy late Saturday night .
It is the second major system acquired by private equity to collapse in less than a year .
The company says it will continue to operate as normal.
Last week , a Senate committee found "financial mismanagement" of private equity firms.
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