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Prospect Medical Holdings files for bankruptcy after owners took hundreds of millions in payouts

CBS News
Summary
Nutrition label

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.

VR Score

80

Informative language

85

Neutral language

30

Article tone

formal

Language

English

Language complexity

69

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

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