The company owes $400 million to vendors across its 16 safety-net hospitals in four states.
Bankrupt Prospect Medical Holdings did not pay vendors to provide basic medical supplies, and its hospital leaders in Rhode Island on Tuesday morning were forced to delay surgeries. Prospect, a national for-profit health care chain, owns and operates Roger Williams Medical Center in Providence and Our Lady of Fatima Hospital in North Providence, and filed bankruptcy late Saturday night. During the corporation’s first hearing in a Dallas courtroom, Prospect Chief Restructuring OfficerPaul Rundell said Tuesday afternoon that he spent his morning working with executives at the company's two Rhode Island hospitals to work out arrangements to pay vendors in advance.