Battle Between Crozer-Keystone Community Foundation and Prospect Medical Holdings Heats Up

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Crozer Everyone – from leaders to lawyers to nurses
Everyone – from leaders to lawyers to nurses – seems unhappy with how the buyout of Crozer-Keystone has unfolded over the past year. Image via Ed Hille, Philadelphia Inquirer.

Last year’s buyout of the nonprofit Crozer-Keystone Health System by Prospect Medical Holdings has seemingly exacerbated a rift between Prospect and the foundation it created when it acquired the Delaware county-wide hospital system in 2016.

This week, that frustration oozed out onto the front steps of the Delaware County Courthouse with a protest led by the Pennsylvania Association of Staff Nurses and Allied Professionals, while lawyers inside battled over whether or not Crozer-Keystone Community Foundation had been fully paid, according to a Philadelphia Inquirer report by Jane Von Bergen.

The deal was for $300 million and a promise to invest $200 million over five years, and $53 million in proceeds was to go to the Crozer-Keystone Community Foundation.

However, the foundation has only been paid $32.9 million so far, the article explained.

And just a year into the deal, staffing levels have gone down, from 308 nurses at Delaware County Memorial in Drexel Hill to 240 today.

“They have come in what used to be a pretty good community hospital, and they have refused to invest in the hospital the way they said they would,” said union organizer Randa Ruge.

The other hospitals involved are located in Chester, Ridley Park, and Springfield.

Read more about the dispute between Crozer-Keystone Community Foundation and Prospect Medical Holdings in the Philadelphia Inquirer here.

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