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Prospect Medical Holdings, Inc.
Prospect Medical Holdings is a private healthcare company based in Los Angeles, California which operates 16 hospitals in the United States, mainly in California and the Northeastern United States. History Prospect was founded in 1996 by a group of physicians in California. In 2010, private equity firm Leonard Green & Partners (LGP) acquired a 61.3% stake in Prospect in a $363 million leveraged buyout. Amid the hospital system's fiscal troubles, Leonard Green attempted twice to sell the company in 2015 and 2018, but failed due to the company's poor financials. Prospect then initiated a $1.31 billion dividend recapitalization, which allowed it to refinance its debt and landed Leonard Green $658.4 million in dividends and management fees. In 2019, Prospect sold its California, Connecticut, and Pennsylvania hospital real estate to Medical Properties Trust (MPT), a healthcare real estate investment trust, for $1.386 billion in order to pay off debt. However, this sale-leaseba ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Privately Held Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dividend Recapitalization
A dividend recapitalization (often referred to as a dividend recap) in finance is a type of leveraged recapitalization in which a payment is made to shareholders. As opposed to a typical dividend which is paid regularly from the company's earnings, a dividend recapitalization occurs when a company raises debt —e.g. by issuing bonds to fund the dividend. These types of recapitalization can be minor adjustments to the capital structure of the company, or can be large changes involving a change in the power structure as well. As with other leveraged transactions, if a firm cannot make its debt payments, meet its loan covenants or rollover its debt it enters financial distress which often leads to bankruptcy. Therefore, the additional debt burden of a leveraged recapitalization makes a firm more vulnerable to unexpected business problems including recessions and financial crises. Typically a dividend recapitalization will be pursued when the equity investors are seeking to real ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rhysida (hacker Group)
Rhysida is a ransomware group that encrypts data on victims' computer systems and threatens to make it publicly available unless a ransom is paid. The group uses eponymous ransomware-as-a-service techniques, targets large organisations rather than making random attacks on individuals, and demands large sums of money to restore data. The group perpetrated the notable 2023 British Library cyberattack and Insomniac Games data dump. It has targeted many organisations, including some in the US healthcare sector, and the Chilean army. In November 2023, the US agencies Cybersecurity and Infrastructure Security Agency (CISA), FBI and MS-ISAC published an alert about the Rhysida ransomware and the actors behind it, with information about the techniques the ransomware uses to infiltrate targets and its mode of operation. The group may be based in the Commonwealth of Independent States. The group takes its name from the Rhysida, genus of centipedes, and uses a centipede logo. Attacks * ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hacker Group
Hacker groups are informal communities that began to flourish in the early 1980s, with the advent of the home computer. Overview Prior to that time, the term ''hacker'' was simply a referral to any Hacker (hobbyist), computer hobbyist. The hacker groups were out to make names for themselves, and were often spurred on by their own press. This was a heyday of hacking, at a time before there was much law against computer crime. Hacker groups provided access to information and resources, and a place to learn from other members. Hackers could also gain credibility by being affiliated with an elite group. The names of hacker groups often parody large corporations, governments, police and criminals; and often used specialized orthography. See also *List of hacker groups References {{Reflist Underground computer groups Hacker groups, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cyberattack
A cyberattack (or cyber attack) occurs when there is an unauthorized action against computer infrastructure that compromises the confidentiality, integrity, or availability of its content. The rising dependence on increasingly complex and interconnected computer systems in most domains of life is the main factor that causes vulnerability to cyberattacks, since virtually all computer systems have bugs that can be exploited by attackers. Although it is impossible or impractical to create a perfectly secure system, there are many defense mechanisms that can make a system more difficult to attack, making information security a field of rapidly increasing importance in the world today. Perpetrators of a cyberattack can be criminals, hacktivists, or states. They attempt to find weaknesses in a system, exploit them and create malware to carry out their goals, and deliver it to the targeted system. Once installed, the malware can have a variety of effects depending on its purpose. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manchester Memorial Hospital
Manchester Memorial Hospital is a 249-bed community hospital located in central Manchester, Connecticut, an eastern Connecticut community about 10 minutes east of Hartford. The hospital opened in 1920, and was dedicated as a memorial to all Manchester residents who died during the First World War. In 1970, the hospital was rededicated as a memorial to veterans of all wars. The hospital operates a family medicine residency training program for newly graduated osteopathic physicians. On January 12, 2025, Prospect Medical filed for Chapter 11 bankruptcy protection, listing assets and liabilities between $1 billion and $10 billion. The company struggled with rising interest costs and high debt. See also *List of hospitals in Connecticut This is a list of hospitals in Connecticut, sorted by hospital name. The American Hospital Directory listed 51 hospitals in Connecticut in 2020. List References External links {{DEFAULTSORT:List Of Hospitals In Connecticut Connecti ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Yale Daily News
The ''Yale Daily News'' is an independent student newspaper published by Yale University students in New Haven, Connecticut, since January 28, 1878. Description Financially and editorially independent of Yale University since its founding, the ''Yale Daily News'' is published online by a student editorial and business staff five days a week, Monday through Friday, during Yale's academic year. Although the paper historically produced a daily print edition, it transitioned during the COVID-19 pandemic in 2020 to a weekly print schedule and now prints only a Friday paper. Called the ''YDN'', or sometimes the ''News'', the ''Daily News'', or the ''Daily Yalie'', the newspaper and the website are produced in Briton Hadden Memorial Building at 202 York Street in New Haven and printed off-site at Valley Publishing Company in Derby, Connecticut. Each day, reporters, mainly freshmen and sophomores, cover the university, the city of New Haven and sometimes the state of Connecticut. Besi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
