Four Crozer Keystone Hospitals in Delaware County Receive State Loans to Help With COVID-19 Expenses

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The entrance and sign at Delaware County Memorial Hospital
Image via Crozer Health.

State loans have been approved for Crozer Keystone Health System’s Delaware County hospitals as short-term financial relief from the surge in COVID-19 cases.

Chester Medical Center and Springfield Hospital will receive a combined total of $20 million, while Taylor Hospital and Delaware County Memorial Hospital will receive a combined total of $15 million.

Gov. Tom Wolf announced that nearly $324 million has been awarded to 31 hospitals throughout the state through the Hospital Emergency Loan Program, or HELP.

“As Pennsylvania continues to practice social distancing, we have successfully flattened the curve, but we know that our fight against COVID-19 is far from over,” said Gov. Wolf. “This funding will allow our hospitals to hold steady in that fight with the peace of mind that they have access to the resources they need to provide critical care to their communities.”

A list of approved hospitals in the state can be found here.

The loans will offer working capital so hospitals have sufficient staff, equipment, and personal protective equipment to care for COVID-19 patients.

The funding was dispersed by the Pennsylvania Infrastructure Investment Authority (PENNVEST) and is being administered by the Pennsylvania Department of Community and Economic Development (DCED) through the Pennsylvania First Program (PA First).

“By distributing this emergency funding to our commonwealth’s health care system, we are safeguarding our hospitals working hard to combat this virus,” Gov. Wolf said.

For the most up-to-date state information on COVID-19, click here.

 

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