PHILADELPHIA (KYW Newsradio) — ChristianaCare announced Friday its intent to buy the Crozer Health system from Prospect Medical Holdings, Inc.
The deal adds four hospitals to ChristianaCare, including Crozer-Chester Medical Center in Upland, Delaware County Memorial Hospital in Drexel Hill, Springfield Hospital, and Taylor Hospital in Ridley Park.
The agreement also includes Crozer’s related businesses, real estate, ambulatory centers, medical office buildings, physician clinics and ancillary outpatient services.
Under the deal, Crozer Health would return to nonprofit status.
Related
“The pandemic has demonstrated the vital importance of working together to meet the clinical needs of the communities we serve,” Kevin Spiegel, CEO of Crozer Health, said in a release. “We are excited by the potential to join these two great organizations so that we can continue to provide the high-quality, accessible care that our communities — Delaware County and beyond — rely on.”
“We welcome this opportunity to explore a closer relationship with an organization that shares our commitment to value and service to the community,” added ChristianaCare President and CEO Janice E. Nevin.
In a statement, Delaware County Council said it also approved of the acquisition.
“We are thankful that as part of the acquisition, Crozer, Delaware County Memorial, Springfield, and Taylor hospitals will remain operational and able to meet the healthcare needs of residents across the county,” officials wrote.
Crozer Health’s network was established in 1990 in Delaware County. ChristianaCare is headquartered in Newark, Delaware.
The deal, if approved, would close later in the year.
