Prospect Medical Bankruptcy Costs Top $60 Million

Legal and consulting fees in Prospect Medical Holdings’ bankruptcy have climbed past $60 million. Court filings show some lawyers billing more than $2,100 an hour, while one restructuring firm charged nearly $8,000 in a single month for meals. The California-based hospital operator owns several Connecticut hospitals. Now, a federal judge has raised concerns about the mounting costs as the company’s sale drags on.