Prospect Medical Holdings
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Document Shows More Crozer Cuts as Delco Council Responds With Emergency Ordinance
A document from Crozer Health indicates plans to close the outpatient substance abuse clinic at Delaware County Memorial Hospital on June 10, writes Kenny Cooper…
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ICU, Surgical Services Temporarily Cut at Delaware County Memorial Hospital
Crozer Health is temporarily suspending its 14-bed intensive care unit and surgical services at Delaware County Memorial Hospital in Drexel Hill at the end of…
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ChristianaCare in a Deal to Acquire Crozer Health System
ChristianaCare Health System has a letter of intent to acquire Crozer Health from Prospect Medical Holdings, writes Kenny Cooper for WHYY. Wilmington-based ChristianaCare will take…
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Administrative Layoffs Went With Change in CEO at Crozer Health
Prospect Medical Holdings Inc., the for-profit owner of Crozer Health, cut administrative staff and senior positions when it replaced Crozer’s CEO, writes Harold Brubaker for…
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Prospect Medical Denies Media Reports It Is Selling Delaware County Hospitals
Prospect Medical Holdings, owner of Crozer Health, is disputing a media report that its Delaware County health system is up for sale, writes John George…
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100 Workers at 2 Crozer Hospitals in Drexel Hill, Ridley Vote to Join Union
Health professionals from Delaware County Memorial Hospital in Drexel Hill and Taylor Hospital in Ridley are now unionized, writes John George for Philadelphia Business Journal.…
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Crozer Keystone Reaches New Contract Deal for 1,400 Area Nurses
A new labor deal between Crozer Keystone Health System and about 1,400 nurses and health professionals calls for wage increases, lower health premiums and new…
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Crozer-Keystone Owner Sees Future Growth From Trust’s $1.55 Billion Investment
Medical Properties Trust will invest $1.55 billion in Prospect Medical Holdings, which owns Crozer-Keystone Health System in Delaware County, through a sale-leaseback of the hospital…
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Arbitrator’s Decision Nets Crozer-Keystone Community Foundation $56.6 Million
An arbitrator has issued a final determination that puts the purchase price of the Crozer-Keystone Health System at approximately $56.6 million, writes Alex Rose for…
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Crozer-Keystone, Prospect Medical Holdings Agree to Patch Up Differences
A disagreement over how much Prospect Medical Holdings has paid so far to buy the five hospitals in the Crozer-Keystone Health System has cut deep,…
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Battle Between Crozer-Keystone Community Foundation and Prospect Medical Holdings Heats Up
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…
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Crozer-Keystone Community Foundation Names Veteran Nonprofit Leader to Serve as First CEO
The Board of Directors of the Crozer-Keystone Community Foundation has announced that Frances M. Sheehan has been named as the organization’s first President and Chief…
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Purchase of Crozer-Keystone Finalized … Finally
For-profit hospital management company Prospect Medical Holdings has finalized its purchase of six healthcare facilities in Pennsylvania and New Jersey including Delaware County’s Crozer-Keystone Health…
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Patrick Gavin Appointed CEO as Crozer-Keystone Changes Hands
Patrick Gavin has been appointed CEO of the Crozer-Keystone Health System after the finalization of its sale to Prospect Medical Holdings, writes Alison Burdo for…
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Court Gives Green Light for Sale of Crozer-Keystone
The sale of nonprofit Crozer-Keystone Health System to for-profit Prospect Medical Holdings cleared its final regulatory hurdle, as the Delaware County Orphans Court has given…
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Sale of Delco’s Largest Healthcare Provider Nears Completion
The sale of Delaware County’s largest healthcare provider, nonprofit Crozer-Keystone Health System, to for-profit Prospect Medical Holdings is getting closer to completion, writes John George…
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Sale of Crozer-Keystone for $300 Million Heads to Court for Finalization
Prospect Medical Holdings has paid $300 million for Delaware County’s Crozer-Keystone Health System with the majority of the proceeds going toward settling the struggling nonprofit’s…
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Buyer of Crozer-Keystone Pledges Commitment to Community
Nurses, community activists, and public officials have expressed worry about the prospect of changes to the Crozer-Keystone Health System that the buyer, Prospect Medical Holdings…
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