The legislation would require the Pennsylvania Attorney General to review any for-profit purchase or merger with another health care system under clear standards, with any negative decisions reviewed ...

At least four bidders are eyeing Prospect's three Connecticut hospitals ahead of an auction slated for later this summer.

A bill that would place restrictions on private equity transactions involving health systems moved one step forward as state representatives passed the measure and it now moves to the state Senate. By ...

The Pennsylvania Attorney General could have a greater say over health system sales to private equity firms. House Bill 1460 ...

The hospitals had been seeing an increase in emergency department visits over the last few years as the financial troubles ...

"You want to protect private equity from coming in and pillaging our hospitals," House Minority Leader Vincent J. Candelora ...

said January 13th 2025 at the state capitol that the hospitals will stay open as parent company Prospect Medical Holdings begins Chapter 11 bankruptcy proceedings in Texas. Credit: Sujata ...

A deal must be made by 4 p.m., said an attorney for Prospect Medical Holdings, which owns Taylor Hospital and Crozer-Chester Medical Center. If not, Prospect will pursue a closure motion in court and ...

Four former Crozer Health properties in Delaware County are on the market after the system ceased operations earlier this ...

New Jersey-based Med-Metrix, which provided revenue cycle management services at facilities in Pennsylvania, including Crozer-Chester Medical Center in Upland, is laying off most of its employees who ...

Prospect Medical holdings is selling off the buildings and separately whatever is inside them. Melville, N.Y.-based ...

The company filed a Worker Adjustment and Retraining Notification with the Pennsylvania Department of Labor & Industry, ...