U.S. bankruptcy court approves temporary deal to keep Crozer Health hospitals open as Prospect Medical Holdings faces financial struggles.
Prospect Medical Holdings, the parent company of Crozer Health in Delaware County, filed for Chapter 11 bankruptcy​ last ...
Uncertainty looms over the future of Crozer Health as talks between Prospect Medical Holdings and the PA attorney general hit a snag.
Pennsylvania officials and Prospect Medical Holdings have reached a preliminary agreement to have FTI Consulting temporarily manage the four-hospital system in Delaware County.
Delaware County Memorial Hospital has been shuttered since 2022. The state’s highest court says the lower court ruled correctly when it temporarily halted its closure.
While it’s encouraging to see continued stability in hospitals’ financial well-being over the past 12 months, historically slim margins indicate hospitals are not yet in a fully sustainable position,” ...
The hits seemingly keep coming for Malone, the president of the nurses' union at Crozer Chester. Malone, who has been with the hospital for nearly four decades, promises a full-scale fight in the ...
It noted that initially the purchase of the former Crozer-Keystone Health System by Prospect Medical Holdings in 2016 was promising as the system then had operating losses of $32.9 million in 2014 ...
The Prospect Medical bankruptcy filing comes as the possibility of a state takeover of Crozer Health looms. The parent company of Crozer Health has filed for bankruptcy protection as the prospect ...
In mid-January, Prospect Medical Holdings filed for bankruptcy on several of its businesses, including the Crozer Health system. In documents filed with the U.S. Bankruptcy Court for the Northern ...