Bankrupt Prospect Medical Holdings announced Friday that it intends to sell Crozer Health to a “not-for-profit consortium of health-care operators,” with state involvement in its plan, but officials ...

Prospect is the second high-profile hospital operator to file for bankruptcy protection in less than a year, following Steward Health Care’s filing in May. Bankruptcy experts say the Chapter 11 ...

Connecticut expects to have a full seat at the table in ensuring the transition of Prospect Medical Holdings’ three local ...

Founded in 1998, Prospect Medical owns 16 hospitals in four states and operates 166 outpatient care centers. The company has twice come close to selling Crozer Health, but neither deal was finalized.

and we will do everything in our power to ensure continuity of care in the County.” Esposito sent an email out to Crozer Health employees this afternoon, notifying them of Prospect’s ...

In the region from the Delaware state line to Ridley, Crozer’s market share for inpatients has fallen to 36% in 2023 from 41% in 2016, when Prospect took over, according to an Inquirer analysis of ...

FTI is a national advisory firm with a division that provides crisis management for health-care operators. The plan ...

Several other proposals concerning private equity in health care have also been introduced. Officials are also continuing to keep close tabs on the Prospect bankruptcy filing and its impact on ...

Delaware County and the state each committing $10M in funding for operations while FTI Consulting is running Crozer Health.

Central Road, Suite 106N, Mount Prospect. In March ... It is for allied health care workers. “The difference is you have the doctor, you have the registered nurse, and then you have people ...