Crozer Health is receiving $20 million in public funding to keep Crozer-Chester Medical Center and Taylor Hospital open for at least 30 days as FTI Consulting Inc. steps in temporarily to manage the healthcare system, writes Harold Brubaker and Sarah Gants for The Philadelphia Inquirer.
There will be $10.2 million in state funding and $9.8 million from Delaware County.
A judge overseeing the bankruptcy proceedings of Crozer Health owner Prospect Medical Holdings approved the temporary manager for 30 days.
The arrangement was made between the Pennsylvania attorney general and Prospect.
Judge Stacey Jernigan called the appointment of a temporary manager “unorthodox,” but “this seems to be the only alternative at the moment to both keep these very important, necessary hospitals open.”
The move gives Prospect and state officials more time to reach a longer-term solution, Jernigan said.
The public funds will got to Crozer’s operations, not to Prospect.
“Prospect has a long track record of reckless, greedy, and irresponsible management of Crozer — and they will not receive a cent of this funding,” Gov. Josh Shapiro spokesperson Will Simons said in a statement.
Find out more about the state of care at Crozer Health facilities and what might come next for Crozer Health in The Philadelphia Inquirer.
