Prospect Medical Holdings
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Legislation would Keep Private Equity Firms Away From Hospitals
National legislation introduced last week would take hospitals and nursing homes out of the hands of private equity firms. U.S.…
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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.…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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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…
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