Prospect Medical Holdings
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Medicaid Cuts, Private Equity Ownership Hurting Some PA Hospitals
Bad financial deals aren’t helping Pennsylvania hospitals that are already struggling with Medicaid funding cuts, writes Noah Zucker for Bisnow. About 37 percent of Pennsylvania…
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Local Investors for Taylor Hospital Buy Springfield Hospital for $1M
Local investors who acquired Taylor Hospital in a bankruptcy auction in September are now picking up Springfield Hospital after the original auction winner’s deal fell…
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Prospect Medical Asks Court Permission to Dispose of Patient Records
Prospect Medical Holdings is seeking court approval to dispose of 470,000 patient records and save itself $350,000 a year in annual storage costs, writes John…
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Judge Settles Crozer Health WARN Act Violations at $1.5M for Employees
Former Crozer Health employees who say they weren’t given enough notice over the closing of two hospitals and the loss of their jobs are entitled…
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$13.5M Bids Accepted for Crozer-Chester, Springfield Hospitals
There are two hospital buyers for the closed Crozer-Chester Medical Center and Springfield Hospital, writes John George for the Philadelphia Business Journal. Following a Friday…
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Prospect Medical Bankruptcy Motion States Potential Abandonment of Medical Properties
Prospect Medical Holdings submitted an emergency bankruptcy motion last week, stating it plans to abandon Crozer-Chester Medical Center and Springfield Hospital in Delaware County unless…
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Taylor Hospital Owners Talking to Nonprofits to Run Hospital
The new local owners of Taylor Hospital in Ridley Park are talking with nonprofit healthcare providers about running its day-to-day operations, writes John George for…
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Protestors Arrested After Sit-In at Crozer-Chester Medical Center
A Crozer-Chester Medical Center sit-in protest on Monday morning led to the arrest of eight people, writes Sarah Gantz for The Philadelphia Inquirer. A rally…
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Private Investors Acquire Taylor Hospital in Ridley for $1M
Private investors have snatched up Taylor Hospital in Ridley for $1 million, with plans to re-establish medical services there that would include an emergency room,…
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Upper Darby School District Closes on Shuttered Hospital Purchase
The Upper Darby School District closed a deal Friday with Prospect Medical Holdings to purchase the former Delaware County Memorial Hospital and two other structures…
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Prospect Medical Sues Federal Agencies Claiming Bankruptcy Violation
Crozer Health’s parent company, Prospect Medical, is suing two federal health care agencies, claiming they violated an automatic stay order after the company’s bankruptcy was…
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Pending New Agreement Means Crozer Patients Won’t Have to Pay for Medical Records
An agreement is still being finalized, but it looks like Crozer Health patients won’t have to pay to get their own medical records, writes Nick…
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Upper Darby School District Agrees to Buy Delaware County Memorial Hospital
Upper Darby School District has agreed to buy Delaware County Memorial Hospital from Prospect Medical Holdings for $600,000, writes John George for Philadelphia Business Journal.…
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Prospect Medical Wants to Drop Delaware County Memorial, Taylor Hospitals
Prospect Medical Holdings has filed a motion to drop two of Crozer Health’s closed hospitals from its bankruptcy estate because of insufficient bids for the…
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Delaware County Lawmaker Proposes Fund to Reopen Hospital
State Rep. Craig Williams (R-160) of Chadds Ford has proposed creating a $200 million fund to entice a buyer to reopen Crozer Chester Medical Center…
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Even Before Crozer Closed Other Hospitals Were Getting Busier
The busiest ERs in Delaware County came out of Crozer Health. Now that it’s closed, the county’s two remaining emergency rooms at Main Line Health’s…
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Crozer Hospitals Put Up for Sale as Springfield OKs Microhospital
As displaced Crozer Health patients overwhelm emergency rooms at Delaware County’s two remaining hospitals, four other closed hospitals in Delaware County, and their contents, are…
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Job Center Opens for Crozer Workers as Doctors’ Offices Close
Hundreds of laid-off Crozer Health workers now have access to a job center that has opened in Chester, writes Jessica Kartalija for 6abc. More than…
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