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U.S. bankruptcy court approves temporary deal to keep Crozer Health hospitals open as Prospect Medical Holdings faces financial struggles.

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The bankruptcy judge overseeing Prospect Medical Holdings' case approved the appointment of a temporary manager for 30 days.

Prospect Medical Holdings, the parent company of Crozer Health in Delaware County, filed for Chapter 11 bankruptcy​ last ...

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

Several hospitals and one health systems has already filed for bankruptcy in 2025. Despite hospital operating margins gradually improving, headwinds persist.

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FTI Consulting is poised to take over as the temporary manager of Crozer Health pending court approval in the Prospect ...

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