-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 SkChG1xWZ6p7CAKgd5dHuqQAZULYQxwhYTk6WgGTnfbpmv3TSj95jrbiYWFp6nqk
 j5ifIQaEBCz1gii7W5oIEA==

<SEC-DOCUMENT>0000898432-05-000407.txt : 20050509
<SEC-HEADER>0000898432-05-000407.hdr.sgml : 20050509
<ACCEPTANCE-DATETIME>20050509170634
ACCESSION NUMBER:		0000898432-05-000407
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20050509
FILED AS OF DATE:		20050509
DATE AS OF CHANGE:		20050509

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			KIMBERLIN KEVIN
		CENTRAL INDEX KEY:			0000904841

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32203
		FILM NUMBER:		05812613

	BUSINESS ADDRESS:	
		STREET 1:		SPENCER TRASK SECURITIES INC
		STREET 2:		535 MADISON AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		2123555565

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PROSPECT MEDICAL HOLDINGS INC
		CENTRAL INDEX KEY:			0001063561
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-OFFICES & CLINICS OF DOCTORS OF MEDICINE [8011]
		IRS NUMBER:				330604264
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	BUSINESS ADDRESS:	
		STREET 1:		6083 BRISTOL PARKWAY
		STREET 2:		SUITE 100
		CITY:			CULVER CITY
		STATE:			CA
		ZIP:			90230
		BUSINESS PHONE:		310-338-8677

	MAIL ADDRESS:	
		STREET 1:		6083 BRISTOL PARKWAY
		STREET 2:		SUITE 100
		CITY:			CULVER CITY
		STATE:			CA
		ZIP:			90230
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>kimberlin-prospect_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2005-05-09</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001063561</issuerCik>
        <issuerName>PROSPECT MEDICAL HOLDINGS INC</issuerName>
        <issuerTradingSymbol>PZZ</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0000904841</rptOwnerCik>
            <rptOwnerName>KIMBERLIN KEVIN</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>535 MADISON AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2>18TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>66667</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Note</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Warrants</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>1.00</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2003-09-19</value>
            </exerciseDate>
            <expirationDate>
                <value>2010-09-19</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>372939</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Note</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Series A Preferred Stock</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>5.50</value>
                <footnoteId id="F3"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F2"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>205454</value>
                    <footnoteId id="F3"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Notes</value>
                    <footnoteId id="F4"/>
                    <footnoteId id="F5"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
        <derivativeHolding>
            <securityTitle>
                <value>Warrants</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>5.50</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2004-01-15</value>
            </exerciseDate>
            <expirationDate>
                <value>2014-01-15</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Series A Preferred Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>89919</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Note</value>
                    <footnoteId id="F6"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Reflects holdings of Spencer Trask Investment Partners, LLC (&quot;STIP&quot;), a Delaware limited liability company, of which the
Reporting Person is the non-member manager.</footnote>
        <footnote id="F2">Currently exercisable; no expiration date.</footnote>
        <footnote id="F3">According to the Issuer's Amendment 5 to Form 10 filed 04/07/05, each holder of Series A Preferred Stock may convert the
shares of Series A Preferred Stock into shares of the Issuer's Common Stock at any time based upon a conversion ratio equal
to the $5.50 per share purchase price of the Series A Preferred Stock divided by the conversion price in effect at the time
of conversion. The conversion price is currently $5.50 per share, thereby making the initial conversion ratio one share of
Common Stock for each share of Series A Preferred Stock.</footnote>
        <footnote id="F4">Includes 81,818 shares held by Spencer Trask Private Equity Fund I LP (&quot;Fund&quot;); 40,909 shares held by Spencer Trask Private
Equity Fund II LP (&quot;Fund II&quot;); 51,818 shares held by Spencr Trask Private Eqity Accredited Fund III LLC (&quot;Fund III&quot;); and
30,909 shares held by Spencer Trask Illumination Fund LLC (&quot;Illumination Fund&quot;). The general partner of each of Fund I and
Fund II is Trask Partners LLC, a Delaware limited liability company, which is 100%-owned by Spencer Trask &amp; Co., Inc.
(&quot;ST&amp;Co.&quot;), a Delaware corporation, of which the Reporting Person is the controlling stockholder. The manager of Fund III is
Spencer Trask Private Equity Accredited Management Fund III LLC, a Delaware limited liability company, which is owned by
ST&amp;Co. The manager of the Illumination Fund is LLC Management Services Inc., a Delaware corporation, which is owned by
ST&amp;Co.</footnote>
        <footnote id="F5">The Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his
pecuniary interest therein.</footnote>
        <footnote id="F6">Reflects holdings of Spencer Trask Ventures, Inc. (&quot;STVI&quot;), a Delaware corporation and wholly-owned subsidiary of ST&amp;Co. Upon
exercise of these warrants and issuance of the underlying 89,919 shares of Series A Preferred Stock, such 89,919 shares of
Series A Preferred Stock would be immediately convertible into shares of Common Stock in accordance with the terms described
in Note 3 hereof.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Kevin B. Kimberlin</signatureName>
        <signatureDate>2005-05-09</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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