Prospect Medical Holdings Inc., a hospital manager backed by private-equity firm Leonard Green & Partners LP, is trying to block Prime Healthcare Services Inc.’s $350 million purchase of a bankrupt Los Angeles-area hospital. Los Angeles-based Prospect is making a last-minute attempt to scoop up St. Francis Medical Center in Lynwood, Calif., by offering to top Prime Healthcare’s bid by as much as $50 million, according to people familiar with the matter.

Source: Wall Street Journal July 28, 2020 20:37 UTC