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Prospect Medical Holdings, Inc. - Company Profile Snapshot

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Company Profile: Prospect Medical Holdings, Inc.
Ticker: PZZ
Exchanges: NAS
2008 Sales: 329,540,000
Major Industry: Miscellaneous
Sub Industry: Medical Services
Country: UNITED STATES
Employees: 285

Business Description
Prospect Medical Holdings, Inc.. The Group's principal activity is to provide hospital services and health care management services. It operates in three primary segments are IPA Management, Hospital Services, and Corporate.Under IPA Management affiliated physician organizations enter into agreements with health maintenance organizations to provide full range of medical services. Hospital Services mainly deals with establishing and operating acute care cummunity hospitals in Hollywood, Los Angeles and Norwalk to offer a comprehensive range of medical and surgical services. Corporate segment include expenses associated with certain personnel, outside services and interest and other costs associated with our long-term debt. On 01-Aug-2008, it entered into a Stock Purchase Agreement ,whereby it agreed to sell all of the issued and outstanding stock of certain of its subsidiaries, including Sierra Medical Management , Sierra Primary Care Medical Group, Antelope Valley Medical Associates, Inc.

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