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

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 has filed for Chapter 11 bankruptcy and it could affect multiple hospitals in Connecticut. According to Governor Ned Lamont, despite the filing, the three hospitals (Waterbury Hospital,