NEWS
Paul Hastings Selected as Counsel for Prospect Medical Holdings’ Chapter 11 Cases
February 03, 2025
Paul Hastings has been selected as counsel to the Official Committee of Unsecured Creditors appointed in the Chapter 11 cases of Prospect Medical Holdings and its affiliated debtors, which are pending in the U.S. Bankruptcy Court for the Northern District of Texas. Prospect Medical operates 16 hospitals in California, Connecticut, Pennsylvania and Rhode Island, and is affiliated with over 11,000 physicians and has more than 18,000 employees.
Paul Hastings is a proven leader in healthcare restructurings, having represented the Official Committee of Unsecured Creditors of Cano Health, the senior ABL lenders in the Steward Health Chapter 11 cases, an ad hoc group of term lenders of Athletico Physical Therapy and an ad hoc group of secured lenders of Sonrava/Western Dental, in addition to the firm's ongoing representation of the Official Committee of Talc Claimants in the Chapter 11 case of Red River Talc, a Johnson & Johnson subsidiary.
Partners Kris Hansen, Erez Gilad, Gabe Sasson and Charles Persons will lead the team, which will also include of counsel Emily Kuznick and associate Matt Friedrick.
About Paul Hastings
With widely recognized elite teams across 17 practices, Paul Hastings is a premier law firm with a culture of excellence focused on providing intellectual capital and superior execution globally to the world’s leading investment banks, asset managers and corporations.