Prospect Medical Holdings asked Gov. Josh Shapiro for bailout to sell Crozer Health

Crozer-Health-Potential-Sale-Prospect-Medical-Hold News

Prospect Medical Holdings asked Gov. Josh Shapiro for bailout to sell Crozer Health
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Prospect said it is in the early stages of talks with an unidentified nonprofit buyer.

Prospect Medical Holdings Inc. is seeking state support for the potential sale of Crozer Health, which includes Crozer-Chester Medical Center in Upland..Local health care expects said the potential buyer would likely a newly created nonprofit entity managed by a for-profit consulting company.

“We will not entertain any requests for a taxpayer bailout of a for-profit company and we will not tolerate any attempt to use the health and safety of Pennsylvanians as a bargaining chip,” Bonder’s statement said. Crozer has two fully open hospitals: Crozer-Chester Medical Center and Taylor Hospital. It also owns Springfield Hospital and Delaware County Memorial Hospital, which no longer operate as acute care hospitals.Prospect then said it was going to convert Crozer into a nonprofit, but didn’t stick with that plan.

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