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Prospect Medical Holdings
activeHealthcare — Leonard Green
Deal Terms
Entry Year2010
Entry EV$1.2B
Entry Multiple8x
Leverage6x
Debt Amount$0.72B
Risk Metrics
LTV (est.)60%
Debt / EV0.60x
Notes
Leonard Green extracted $658M in dividends — more than 7x its initial equity. Hospitals left financially stripped. Multiple hospital closures in CT, CA, PA. Senate HELP Committee investigation. Patients died waiting for transfers from understaffed facilities.
Hot Potato History
2019→Leonard Green & Partners($0.4B)
State and federal investigations. Hospitals closing. Leonard Green extracted $400M dividend while patients suffered.