Healthcare
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Tower Health Earns Millions from Shuttered Brandywine Campus Sale Last Month
Tower Health secured $11 million from the sale of its shuttered Brandywine Hospital campus last month, according to county property records, writes John George for the Philadelphia Business Journal. The buyer of the 67-acre Brandywine site was an entity affiliated with Regal Builders, a Delaware-based real estate firm. The deal closed over three years after…
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Crozer Health Hospitals, Facilities to Start Shutting Down This Week
Crozer Health will start shutting down this week, writes Alex Rose for the Daily Times. “Today, Prospect Medical Holdings made the extremely difficult decision to begin winding down operations across our Crozer Health facilities,” said Paul Rundell, chief restructuring officer for Prospect, Crozer Health’s owner. Rundell said efforts to prevent Crozer Health’s closure were unsuccessful.…
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Mercy Fitz Prepping for a Patient Surge if Crozer Health Closes
Mercy Fitzgerald Hospital in Darby has come up with a plan to handle a surge in patients should Crozer Health and its two hospitals close this week, writes John George for Philadelphia Business Journal. Meanwhile, Ridley Park has declared an emergency in light of the possible closures, giving the borough the ability to hire temporary…
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Main Line Health NICUs Boost Bonding With High-Tech and Heart
Families with newborns in Lankenau Hospital’s NICU now have a new way to stay connected, thanks to a $50,000 donation from The Superhero Project, writes the Delco Times. The funds will help install AngelEye CameraSystems, giving parents 24/7 secure, remote access to their babies through a livestreaming app. The technology is already being implemented at…
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Crozer Health Services Being Transitioned to Other Providers
While $6 million in emergency funding has been allocated to keep the lights on for another week at Crozer Health’s two remaining hospitals, service cuts and transitions are being implemented as negotiations continue on finding a new Crozer Health owner. Receiver FTI Consulting has a restructuring transition plan to keep the hospitals stable while those…
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Karen Pinsky, MD, Appointed Chief Executive Officer of Penn Medicine Chester County Hospital
Karen Pinsky, MD, has been appointed Chief Executive Officer of Penn Medicine Chester County Hospital after serving as interim CEO since July 2024. Before being named interim CEO, Pinsky served as chief medical officer at CCH since 2019. She previously served 15 years as the Medical Director of Newborn and Pediatric Services at the CHOP…
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Northwest Philly Healthcare Startup Gains $11.5M VC Funding, Emerges from Stealth Mode
Daymark Health, a Northwest Philadelphia healthcare startup, recently gained $11.5 million in venture capital funding, writes John George for the Philadelphia Business Journal. Founded earlier this year, Daymark Health has a mission to “redefine the cancer care experience” for not only patients, but providers and health plans, as well. The startup partners with health plans…
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Let Your Health Bloom with Resources from Chester County Hospital
As spring breathes new life into the world around us with flowers blooming, days growing longer, and a sense of renewal in the air, it’s the perfect time to focus on nurturing your own well-being. Chester County Hospital (CCH) offers a variety of resources, events, and workshops designed to help you embrace a fresh start…
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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 another $9 million by 4 PM Wednesday to keep the facilities running, writes John George for the Philadelphia Business Journal. However, in a brief statement Wednesday evening, a representative for…
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Jefferson Health and Cigna Reach New Multi-Year Agreement After Contract Impasse
After failing to reach a new contract following the end of their 20-year relationship last month, Jefferson Health and Cigna have now secured a new multi-year commercial insurance agreement, writes Dino Ciliberti for the Patch. The deal guarantees that the hospitals, physician practices, and providers remain in-network for Cigna insurance customers. “We appreciate the patience…
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Doylestown to Get Its First Behavioral Health Crisis Center in Bright Path Center
Construction is well underway on Bright Path Center, Doylestown’s first-of-its-kind behavioral health crisis center, which is expected to open early next year, writes Lacey Latch for the Bucks County Courier Times. The $15 million, 22,000-square-foot center will be operated by Lenape Valley Foundation staff and will be located next to their outpatient office along North…
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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. Instead, negotiations continue as legal fees mount, with another hearing scheduled today. Meanwhile, The Foundation for Delaware County has provided another $6 million to keep the hospital system open. Bill…
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Warminster-Based Arbutus Biopharma Lays Off Over Half of Workforce, Exits Its Headquarters
Warminster-based Arbutus Biopharma laid off over half of its workforce and is exiting its headquarters to conserve cash while continuing its pursuit of a hepatitis B cure, writes John George for the Philadelphia Business Journal. The company, which reduced its workforce by 40 percent last year and 24 percent in 2023, eliminated another 22 positions…
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Rothman Launches ‘Your Mobility, Our Mission’ Campaign to Inspire Movement Across Generations
Rothman Orthopaedics has launched its newest marketing campaign — entitled “Your Mobility, Our Mission” — designed to highlight the internationally recognized institute’s commitment to restoring movement and improving the quality of life for patients of all ages. “Throughout our offices, our providers see a wide range of patients across different generations, the commonality between most…
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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 Health hospitals, Crozer-Chester Medical Center and Taylor Hospital, open, according to a lawyer representing Delaware County. Tobey Daluz of the Philadelphia law firm Ballard, Spahr told U.S. Bankruptcy Judge Stacey…
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With Final Approval Secured, Doylestown Health and Penn Medicine Merger Moves Forward
The University of Pennsylvania Health System has received final approval to move forward with its merger with Doylestown Health, writes Ryan Mulligan for the Philadelphia Business Journal. In January, Penn Medicine and Doylestown Health announced that they had signed a letter of intent to pursue a merger. With the final approval now granted, Penn Medicine…
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Deal Officially Closes to Sell Brandywine Hospital
Three years after shutting down Brandywine Hospital in Coatesville, Tower Health has finally sold the property to a real estate firm from Delaware, writes John George for Philadelphia Business Journal. Mill Farm LLC, which is affiliated with Dover-based Regal Builders, closed the deal with Tower Health on Monday. The amount was not disclosed, and neither…
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Two Chester County Hospitals Named Best for Maternity Care by U.S. News
U.S. News & World Report recently released a report on the nation’s best maternity hospitals, writes John George for Philadelphia Business Journal. Two Chester County hospitals rank among the best across the United States. Jennifer Winston, a health data scientist at U.S. News, said when comparing the top maternity hospitals “showcase exceptional care for expectant…
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