Leonard Green & Partners controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
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2025
Crozer Health closure
Crozer Health in Pennsylvania closed after a buyer could not be found, laying off approximately 2,600 employees. Pennsylvania officials attributed the collapse in part to financial and operational decisions made while the system was controlled through Prospect Medical Holdings, including disputed sale-leaseback arrangements and increased obligations.
2024
Pennsylvania claims involving Prospect Medical Holdings
The Pennsylvania attorney general sued Prospect over alleged contractual breaches and alleged failures involving transfers to private investors and pension funding. The controversy formed part of broader criticism of LGP's ownership and financial management of the healthcare system.
2021
Dispute over Prospect Medical Holdings' Rhode Island hospitals
LGP's attempted sale of its stake in Prospect Medical Holdings drew opposition from Rhode Island regulators and legislators, who raised concerns about the financial condition of hospitals after LGP's exit. The dispute focused on the need for transition funding and assurances for continued healthcare services.