Crozer Closure

House lawmakers from Delaware County are leading efforts to regulate private equity transactions after the closure of Crozer Health last month.

The pending acquisition includes two facilities in Glen Mills, a location in Havertown, an office in Broomall and a site in Media.

Legislation to reel in for-profit health care usually dies in Harrisburg. Shapiro said he hopes with a united Delaware County, bills safeguarding hospitals can reach his desk.

The cash-strapped Chester Upland School District stands to lose $2.2 million in annual tax revenue with Crozer Health’s closure.

Delaware County lawmakers sent a letter to Pennsylvania Attorney General Dave Sunday, asking him to “leave no stone unturned in holding” Crozer Health’s owner accountable.

The imminent breakdown of Crozer Health, Delaware County’s largest health system, is leaving many communities without proper ambulance coverage.

With Crozer Health shuttering, key behavioral health services will be eliminated as early as Monday.

Crozer Health’s bankrupt parent company, Prospect Medical Holdings, says it will cost $20 to $30 million to close the two hospitals.

For-profit parent company Prospect Medical Holdings moved Monday to shutter Delaware County’s largest hospital system.

Crozer Health CEO Tony Esposito shared the announcement with staff Monday. Greg Williams, of parent company Prospect Medical Holdings, will assume his role in the interim.

STAT Medical Transport has agreed to provide two paramedic units to cover Upper Darby. The start date has yet to be determined.

A spokesperson for the Pennsylvania Association of Staff Nurses and Allied Professionals says approximately 25 employees will lose their jobs.

The money grants Prospect Medical Holdings, Pennsylvania officials and potential buyers more time to negotiate a deal to transition Crozer Health to new ownership.

If another cash infusion doesn’t arrive by Wednesday, the hospital system could begin diverting ambulances and patients to other facilities as soon as Thursday morning.

Prospect Medical Holdings is progressing in high-stakes negotiations to sell Crozer Health, but no deal has been reached yet.