Becker's Hospital Review1h
Prospect Medical cedes control of 4-hospital system to state-backed receiver
U.S. bankruptcy court approves temporary deal to keep Crozer Health hospitals open as Prospect Medical Holdings faces financial struggles.
Modern Healthcare2h
Prospect Medical signs temporary deal to avert hospital closures
The agreement with state authorities came together after a proposed sale of the Pennsylvania hospitals to a nonprofit ...
Crozer Health will receive $20M in public funding to keep its Delaware County hospitals open for at least 30 days
The bankruptcy judge overseeing Prospect Medical Holdings' case approved the appointment of a temporary manager for 30 days.
Pennsylvania will give Crozer Health $20M to keep its Delaware County hospitals open for at least 30 days
Pennsylvania government will give Crozer Health $20 million to keep Crozer-Chester Medical Center and Taylor Hospital open ...
Federal judge signs agreement to place Crozer Health in receivership for 30 days to avoid hospital closures
Prospect Medical Holdings, the parent company of Crozer Health in Delaware County, filed for Chapter 11 bankruptcy​ last ...
WHYY21h
FTI Consulting chosen to temporarily run Crozer Health
Pennsylvania officials and Prospect Medical Holdings have reached a preliminary agreement to have FTI Consulting temporarily manage the four-hospital system in Delaware County.
Becker's Hospital Review21h
3 hospital, health system bankruptcies in 2025
Several hospitals and one health systems has already filed for bankruptcy in 2025. Despite hospital operating margins gradually improving, headwinds persist.