Prospect Medical Holdings
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The Foundation for Delaware County Begins Search for New President
The Foundation for Delaware County is looking to hire a new president by the Fall of 2025 and is now accepting candidate submissions. Frances Sheehan,…
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$6M Released to Keep Crozer Health Hospitals on Life Support
Another $6 million has been added to keep Crozer Health operations going in Delaware County open while negotiations continue on a deal to bring a…
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Crozer Health’s Hospitals Still Open But More Cash Requested
Prospect Medical Holdings, the bankrupt owners of Crozer Health, had said it would close Crozer Health’s last two hospitals Thursday morning if it didn’t receive…
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An Anticipated Crozer Health Sale Tuesday Didn’t Materialize
The hope was there would be an announced Crozer Health sale to a nonprofit Tuesday. That didn’t happen, writes Harold Brubaker for The Philadelphia Inquirer.…
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Crozer Health Gets Second Lifeline as Long-Term Negotiations Continue
An anticipated shut down of two Crozer Health hospitals next week has been delayed again after a last-minute deal was brokered Friday between The Foundation…
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Lawyer Says It Will be a Challenge to Have an April 1 Crozer Health Deal
There are roadblocks that need to come down if a court-imposed April 1 deadline is to be met on a deal to keep two Crozer…
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Delaware County and Penn Working to Save Crozer Health Long-term
A picture is starting to emerge of what Crozer Health’s future looks like beyond bankruptcy, writes Harold Brubaker for The Philadelphia Inquirer. Progress is reported…
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Another Nonprofit Approached for Crozer Health Hospital Sale
Prospect Medical Holdings is in negotiations to sell Crozer-Chester Medical Center and Taylor Hospital to an undisclosed nonprofit, writes Harold Brubaker for The Philadelphia Inquirer.…
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Ridley Park Restaurants Fear Loss of Business From Hospital Closing
Taylor Hospital’s closing under the Prospect Medical Holdings bankruptcy would not only impact local healthcare, it also affects the business of nearby restaurants in Ridley…
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Infusion of Funds From Foundation Bought Crozer 2 Weeks, Attorney Says
Bankruptcy attorneys for Prospect Medical Holdings said last-minute funding provided by The Foundation for Delaware County will keep Crozer Health’s two remaining hospitals and other…
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A Court-Appointed Receiver Is Now Running Crozer Health, Fueled by Grants
An independent receiver appointed by the courts began overseeing the Crozer Health system on Feb. 14 and will run hospital operations for 30 days, barring…
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Prospect Medical Holdings Readies to Close Crozer Health Hospitals
Prospect Medical Holdings can only keep Crozer-Chester Medical Center and Taylor Hospital open through March 14 and told a bankruptcy judge Thursday it is filing…
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For-Profit Firm Insight Health Could Buy Crozer Health’s 2 Hospitals
A Michigan for-profit hospital company, Insight Health, is a potential purchaser of Crozer Health’s two hospitals, Crozer-Chester Medical Center and Taylor Hospital, according to court…
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Upper Darby School District Could Buy Closed Delaware County Hospital
Upper Darby School District is considering buying the now-closed Delaware County Memorial Hospital building for $2 million, according to a court filing in the Prospect…
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Frances Sheehan Retiring From The Foundation for Delaware County
Frances Sheehan, president of The Foundation for Delaware County, will retire in the fall after eight years of transformational leadership. Sheehan became the Foundation’s first…
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$20M in Public Funds Will Go To Keeping Crozer Health Open
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…
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Court Filing: FTI Consulting Will Run Crozer Hospitals for 30 Days
Crozer Health hospitals in Delaware County will stay open for now under a temporary agreement with FTI Consulting, who will manage the hospitals for at…
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Talks to Transfer Crozer Health to a Nonprofit ‘Hit a Snag’
Crozer Health’s transfer to a consortium of nonprofit healthcare operators has stalled, reports a Prospect Medical Holdings attorney. Prospect announced Friday it had reached a…
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