Prospect Medical Holdings Agrees to Sell Crozer Health to a Nonprofit

If Prospect Medical Holdings is to sell Crozer Health within the next 270 days, the new owner must be a nonprofit, according to a court-approved deal. The clock is now ticking for the for-profit company to find a buyer for the embattled four-hospital system in Delaware County. Delco Court of Common Pleas Judge Cheryl Austin approved a proposal to pause Delaware County Memorial Hospital litigation between Prospect, the Foundation for Delaware County and state AG office, opening a 270-day sale window.

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Source: https://www.phillytrib.com/news/health/prospect-medical-holdings-agrees-to-sell-crozer-health-to-a-nonprofit/article_04ab8675-bb36-5b50-8db1-9250dcd93c4c.html

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