Investors Buy Shuttered Pennsylvania Hospital for $1M

A hospital that was part of now-shuttered Upland, Pa.-based Crozer Health has been bought by a group of private investors for $1 million, The Philadelphia Inquirer reported. Ridley Park, Pa.-based Taylor Hospital closed April 26 after a bankruptcy court approved owner Prospect Medical Holdings’ plan to wind down operations at Crozer. The buyer is a partnership led by Todd Strinem, who is the majority owner of medical transport company Keystone Quality Transport, according to the report.

Read the full article: Investors Buy Shuttered Pennsylvania Hospital for $1M //

Source: https://www.beckershospitalreview.com/hospital-transactions-and-valuation/investors-buy-shuttered-pennsylvania-hospital-for-1m/

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