Crozer Closure

Pa. officials and Prospect Medical Holdings have reached a preliminary agreement to have FTI Consulting temporarily manage the four-hospital system in Delaware County.

Prospect Medical Holdings did not identify which parties would be a part of the consortium looking to take over the distressed Crozer Health system in Delaware County.

The weekend bankruptcy filing could clear the major roadblocks preventing the long-awaited sale of Delaware County’s Crozer Health.

Crozer Health, the hospital system in Delaware County, is expected to continue operating as Prospect looks to sell the asset and restructure.

Technical issues with radiology services forced Crozer to close the emergency departments. Hospital staff say the department reopened Tuesday afternoon.

Attorney General Michelle Henry said Crozer Health, Delaware County’s four-hospital system, is suffering from the ill effects of private equity.

CHA Partners had signed a letter of intent to purchase the embattled four-hospital system from Prospect Medical Holdings.

Delaware County elected officials accuse the California-based Prospect Medical Holdings of starving Crozer Health to line the company’s coffers.

Taylor Hospital in Ridley Park admits more than 7,000 patients each year and treats more than 28,000 patients in its emergency room.

CHA Partners, a real estate and development company, has bought and sold at least five hospitals in New Jersey prior to its latest bid in Pennsylvania.

An email sent to Crozer employees Wednesday said CHA would work with Healthcare Preferred Partners to transfer the hospital system back to nonprofit status.

Southeast Radiology Limited, Crozer Health’s longtime partner, is terminating its agreement with the embattled four-hospital system in Delaware County.

Prospect Medical Holdings is running into roadblocks selling its hospitals in Connecticut and Rhode Island. This spells trouble for Crozer Health in Delaware County.

As part of the approved 270-day window to sell, Prospect has agreed to only engage nonprofit entities as buyers.

The Accreditation Council for Graduate Medical Education will hold off on its decision to strip Crozer-Chester Medical Center of its surgical residency program.