Prospect Medical Holdings Files Five Day Extension for Third Quarter Form 10-Q to Enable Inclusion of Information for Newly-A...
August 14 2009 - 1:45PM
Business Wire
Prospect Medical Holdings, Inc. (NYSE Amex: PZZ)
(“Prospect” or the “Company”), which owns and operates five
hospitals and manages the medical care of HMO enrollees in southern
California, today announced that it will file a Form 12b-25 with
the Securities and Exchange Commission related to the filing of its
Form 10-Q for the fiscal third quarter ended June 30, 2009.
Prospect increased its ownership interest in Brotman Medical
Center, Inc. (“Brotman”) from approximately 33% to approximately
72% during this third quarter, requiring first time audits of
Brotman and, beginning with the Company’s June 30, 2009 Form 10-Q,
inclusion of Brotman’s financial results with Prospect’s
consolidated financial results. The Company is in the final stages
of completing and consolidating all of the required Brotman
information, but such process will not be finalized by today’s
filing deadline. Prospect expects to file its Form 10-Q within the
five day extension period afforded by Form 12b-25.
ABOUT PROSPECT MEDICAL
HOLDINGS
Prospect operates five hospitals in the greater Los Angeles area
and manages the medical care of approximately 180,000 individuals
enrolled in HMO plans in Southern California, through a network of
approximately 14,000 specialist and primary care physicians.
This press release contains
forward-looking statements. Additional written or oral
forward-looking statements may be made by Prospect from time to
time, in filings with the Securities and Exchange Commission, or
otherwise. Statements contained herein that are not historical
facts are forward-looking statements. Investors are cautioned that
forward-looking statements, including the statements regarding
anticipated or expected results, involve risks and uncertainties
which may affect the Company’s business and prospects, including
those outlined in Prospect’s Form 10-K filed on
December 29, 2008 and other filings. Any forward-looking
statements contained in this press release represent our estimates
only as of the date hereof, or as of such earlier dates as are
indicated, and should not be relied upon as representing our
estimates as of any subsequent date. While we may elect to update
forward-looking statements at some point in the future, we
specifically disclaim any obligation to do so, even if our
estimates change.
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