Struggling Delaware County hospital system finds potential buyer, CEO says

Thursday, August 8, 2024
Struggling Delaware County hospital system finds potential buyer, CEO says
Struggling Delaware County hospital system finds potential buyer, CEO says

DELAWARE COUNTY, Pennsylvania (WPVI) -- Crozer Health, the struggling four-hospital system in Delaware County, found a potential buyer on Wednesday.

Crozer's current parent company, Prospect Medical Holdings, and New Jersey-based CHA Partners signed a letter of intent, according to a statement from the CEO of Crozer Health.

The acquisition will involve transitioning Crozer Health's hospitals back to not-for-profit status.

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