Prospect Medical Holdings to 'begin the process of winding down Crozer Health'

Crozer Hospitals to Close; Delco Dems Blame 'For-Profit' Healthcare – DV Journal

Crozer Health, the largest health system in Delaware County, is shutting down. FTI Consulting, which had been managing the finances of Crozer parent company Prospect Medical Holdings, announced the decision Monday. “As Court appointed receiver, we are disappointed an alternative resolution and sale could not be reached,” said an FTI spokesperson in a statement. Prospect Chief Restructuring Officer Paul Rundell released a statement claiming the g…

Prospect Medical Holdings to 'begin the process of winding down Crozer Health'

Prospect Medical Holdings, the Texas-based healthcare company behind Crozer Health, will start to wind down operations at the Delaware County hospital.

Crozer Health ceasing operations, more than 2,600 employees to be laid off

Officials with Prospect Medical Holdings, which owns Crozer Health, said the health system is ceasing operations and thousands will be laid off.

‘Devastating’: Crozer Health is closing, shutting down two Pennsylvania hospitals

Prospect Medical Holdings, owner of Crozer, said there is no alternative. State and county officials had put in millions to keep Crozer open.