Prospect Medical Holdings filed for bankruptcy protections late Saturday, a move the financially strapped health system said will streamline divestitures outside of its home state of California.

Prospect Medical Holdings, Inc. filed for Chapter 11 bankruptcy on Saturday night. The bankruptcy filing affects several hospitals in Connecticut, including Waterbury Hospital, Manchester Memorial Hospital,

The state will be monitoring the situation closely and intends to participate in court proceedings to the extent necessary to protect the interests of patients, employees