Health News Prospect Medical Holdings Filed Motion For ‘expedited Closure’ Of Crozer Health’s Hospitals

Judge OKs deal to settle Prospect's Waterbury Hospital tax debts for $8.8M

Under the settlement approved Monday, Prospect landlord Medical Properties Trust, which owns the land under the hospitals, will pay the city of Waterbury $7.65 million from the proceeds of the UConn ... Read More

Prospect Medical Holdings Readies to Close Crozer Health Hospitals

Prospect Medical Holdings can only keep Crozer-Chester Medical Center and Taylor Hospital open through March 14 and told a bankruptcy judge Thursday it is filing a motion to close the Crozer Health ... Read More

Prime Healthcare withdraws bid for bankrupt Rhode Island hospitals owned by Prospect Medical

Prime’s exit leaves The Centurion Foundation as the sole remaining suitor. But Centurion has been unable to attract investors, and is expected back in US Bankruptcy Court on Friday. Read More

Crozer-Chester Medical Center and Springfield Hospital head to auction block

Prospect Medical Holdings, Crozer Health’s bankrupt parent company, is selling the real estate at Crozer-Chester Medical Center and Springfield Hospital. The deadline to submit a bid for the closed ... Read More

Prospect Medical Holdings says CT hospital bidder news imminent

A lawyer for Prospect Medical Holdings said during a court hearing on Wednesday that the company will announce initial bids for its Connecticut hospitals as soon as Friday, while also petitioning the ... Read More

Prospect, Yale New Haven Health strike $45M settlement over botched hospital deal

Yale New Haven Health (YNHH) has agreed to pay $45 million to settle a lawsuit with bankrupt Prospect Medical Holdings over a bungled $435 million deal to acquire three Connecticut hospitals. YNHH had ... Read More

Prospect Medical Holdings finds tentative buyers for Crozer-Chester Medical Center and Springfield Hospital

From Philly and the Pa. suburbs to South Jersey and Delaware, what would you like WHYY News to cover? Let us know! Prospect Medical Holdings received a pair of successful bids during Friday’s auction ... Read More

Prospect inks deal to sell two shuttered Pennsylvania hospitals for $13M

Prospect Medical Holdings purchased Crozer, a then four-hospital health system, for $300 million in 2016 and pledged to keep the facilities open for 10 years. Instead, over Prospect’s nine-year tenure ... Read More

Crozer-Chester Medical Center and Springfield Hospital head to auction block

From Delco to Chesco and Montco to Bucks, what about life in Philly’s suburbs do you want WHYY News to cover? Let us know! Prospect Medical Holdings, Crozer Health’s bankrupt parent company, is ... Read More