Springfield Township officials continue to question the lack of plans for the shuttered Springfield Hospital by its new potential buyers, Restorative Health Foundation and Syan Investments, writes Chad Pradelli for 6abc.
Officials say they have been unable to get answers.
“I have a lot of concerns about them, and I know hardly anything about them,” said Springfield Township Solicitor Jim Byrne. “I’ve been trying to find out about them and not getting very, very far at all.”
Restorative Health Foundation is a nonprofit organization led by Felica Wilson, but the IRS revoked its nonprofit status when annual reports weren’t filed for three consecutive years, according to Action News.
Wilson owns a group of restaurants in Philadelphia.
Her attorney and a spokesperson said they plan to keep the property as a medical facility.
But Byrne said no one could answer questions about a business plan or where money would come from.
Taylor Hospital
Meanwhile, the new owners of Taylor Hospital, who acquired the hospital for $1 million, have had preliminary discussions with more than a half-dozen health systems and specialty care providers about reopening the hospital, writes John George for the Philadelphia Business Journal.
KQT Aikens Partners is a private investor group led by Keystone Quality Transport, a Springfield-based ambulance company owned by Todd Strine.
“The biggest thing we learned is people don’t understand we own the hospital free and clear — without any of the liabilities, including tax and pension fund debt, that Prospect had. We don’t have a mortgage; we own it outright.”
KQT negotiated a reduction in the taxable value of the hospital property with Delaware County, Ridley Park Borough, and the Ridley School District from $60 million to $1 million for the next two years, making it more attractive to potential tenants, Strine said.
KQT’s preference is to have one health system for the entire hospital campus, particularly from his company’s transportation partners, which are the University of Pennsylvania Health System, ChristianaCare in Delaware and Newtown Square-based Trinity Health Mid-Atlantic.
Strine said they are also talking with Keystone clients in Delaware, Maryland and Washington, D.C.
If KQT can’t close a deal by the end of the year, it will market the property to tenants nationally, Strine said.
Under the bankruptcy proceedings, KQT has also been designated the backup buyer for the Springfield Hospital campus.
Read more about the latest Springfield Hospital developments at 6abc.
Read more about Taylor Hospital in the Philadelphia Business Journal.
