19 hours ago · Prospect Medical Holdings Inc. wants to enter into an agreement with the Commonwealth of Pennsylvania to allow FTI Consulting to serve as a receiver to oversee operations of Crozer Health for 30 ...

17 hours ago · The California-based Prospect filed for Chapter 11 bankruptcy in January and revealed its plans to shift focus on its operations in the Golden State — and intentions to offload its hospital systems in Connecticut, Pennsylvania and Rhode Island.. The company purchased Crozer in 2016. Crozer operates just two functioning hospitals: Crozer-Chester Medical Center in Upland and Taylor Hospital in ...

6 days ago · From Delco to Chesco and Montco to Bucks, what about life in Philly’s suburbs do you want WHYY News to cover? Let us know! Prospect Medical Holdings announced Friday it intends to sell Crozer Health, Delaware County’s four-hospital system, to a “not-for-profit consortium of healthcare operators.”. State Sen. Tim Kearney, of Delaware County, told WHYY News that caveats and details still ...

6 days ago · Prospect Medical Holdings Inc. announced Friday that it wants to sell Crozer Health — including its hospitals, ambulatory surgery centers, clinics, and physician offices — to a not-for-profit ...

6 days ago · LOS ANGELES, January 31, 2025--Prospect Medical Holdings, Inc. ("Prospect Holdings" or the "Company") today announced that it intends to sell Crozer Health and its operating assets, including all ...

18 hours ago · Prospect Medical acquired Crozer Health — then operated as Crozer-Keystone Health System — for $55 million in 2016 and converted its hospitals to for-profit status.

Prospect Medical Holdings, Inc. and CHA Partners, LLC (CHA) have signed a letter of intent for CHA to acquire Crozer Health. This acquisition will involve transitioning Crozer Health's hospitals back to not-for-profit status.

Jul 18, 2024 · Prospect Medical Holdings has a prospective buyer for Crozer Health — but the company declined to reveal the suitor for the embattled four-hospital system in Delaware County. The California-based firm told WHYY News in an emailed statement that it is in the process of negotiating a sale agreement.

Aug 8, 2024 · Prospect Medical Holdings Inc. and CHA Partners LLC have signed a letter of intent for CHA to acquire Crozer Health in a move that will return the health system back to a not-for-profit.

Aug 9, 2024 · Prospect Medical Holdings signed a letter of intent to sell four-hospital system Crozer Health to real estate company CHA Partners, Crozer said Wednesday.