Becker's Healthcare January 31, 2025
Los Angeles-based Prospect Medical Holdings has shared plans to sell Upland, Pa.-based Crozer Health, including all hospitals, clinics, physician offices and ambulatory surgery centers to a non-profit group of healthcare operators.
The sale aims to “support the preservation and continuation of services” to community members that utilize Crozer Health, according to a Jan. 31 news release.
Prospect sought Chapter 11 protection Jan. 11 and has been working to offload 10 of its 16 hospitals.
The for-profit system initially signed a letter of intent to sell the four-hospital system to CHA Partners, which owns five hospitals in New Jersey,...
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