Prospect Medical Holdings Commences Registered Exchange Offer

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Symbol	Price	Change
PZZ	4.30	-0.15

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LOS ANGELES--(BUSINESS WIRE)--Prospect Medical Holdings, Inc. (NASDAQ: PZZ - News) (“Prospect”), today announced that it commenced an offer to exchange up to $160,000,000 of its newly registered 12³/₄% Senior Secured Notes, Series B, due 2014 (the "Exchange Notes") for an equal amount of its privately placed 12³/₄% Senior Secured Notes, Series A, due 2014 (the "Original Notes"). The Exchange Notes are substantially identical to the Original Notes, except that the offer and sale of the Exchange Notes have been registered under the Securities Act of 1933, as amended, and the Exchange Notes will not bear any legend restricting their transfer.

Prospect will accept for exchange any and all Original Notes validly tendered and not withdrawn prior to the expiration of the exchange offer at 5:00 p.m., New York City time, on November 24, 2009, unless extended.

The terms of the exchange offer and other information relating to Prospect are set forth in the prospectus dated October 23, 2009. Copies of the prospectus and the related letter of transmittal may be obtained from U.S. Bank National Association, which is serving as the exchange agent for the exchange offer. The relevant contact information for U.S. Bank National Association is as follows:

By Overnight Courier, Registered/Certified Mail and by Hand:

U.S. Bank National Association
Corporate Trust Services
60 Livingston Avenue
St. Paul, Minnesota 55107
Attn: Specialized Finance

Facsimile Transmission:

Fax: 651-495-8158
Attn: Specialized Finance
Fax cover sheets should provide a call back phone number and request a call back, upon receipt.

Telephone: (800) 934-6802

Internet: www.usbank.com/corp_trust/bondholder_contact.html

E-Mail: cts.specfinance@usbank.com

This announcement is neither an offer to sell nor a solicitation of an offer to buy or exchange the Exchange Notes or the Original Notes. The exchange offer is made solely pursuant to the prospectus dated October 23, 2009, including any supplements thereto.

Prospect Medical Holdings, Inc.
Linda Hodges, 714-796-4271
Vice President
Linda.hodges@prospectmedical.com
or
Investor Relations:
The Equity Group Inc.
Devin Sullivan, 212-836-9608
dsullivan@equityny.com