Canyon Atlantic Partners missed a key deadline in a bid to buy Jennersville and Brandywine hospitals, writes Harold Brubaker for The Philadelphia Inquirer. 

Canyon failed to post the $1 million bond required by a Chester County judge on Feb. 14, wherein he gave the company three months to work on buying the hospitals from Tower Health. 

Court of Common Pleas Judge Edward Griffith reinstated the sale agreement between Tower and Canyon that was abruptly canceled by the financially struggling health system on December 8. 

Tower pulled the plug on the deal because the prospective buyer neither showed “the necessary regulatory and operational preparedness nor validated its financial ability, to complete this transaction and operate these hospitals.” 

While Canyon failed to post the bond by the deadline, it is still possible it may ask for more time. 

The miss of the deadline represents a blow to many who have been working for months to save the two hospitals. 

“It’s quite frankly devastating to us to have put so much time and resources into it,” said David McKeighan, executive director of the Chester County Medical Society. 

Read more about Canyon Atlantic Partners and the potential sale in this area in The Philadelphia Inquirer.