PHILADELPHIA (KYW Newsradio) — The firm looking to buy two recently shuttered Chester County hospitals missed an important deadline.
Canyon Atlantic Partners was given a second chance to complete the purchase of Brandywine and Jennersville hospitals from Tower Health by a Chester County judge earlier this month, but that was contingent on the firm putting up a $1 million bond.
The deadline has passed, and the bond has not been posted — the latest glitch in efforts to keep the hospitals open.
In November, it was first announced there was a buyer who would keep them in operation. But a few weeks later, Tower Health scuttled the deal, citing financial and regulatory issues with Canyon.
Both hospitals closed by Jan. 31.
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On Feb. 14, however, the judge ordered Tower Health back to the table, giving the two sides 90 days to finish the deal. Canyon tripped on this first hurdle though, missing the deadline for the bond.
Tower Health calls it a disappointment not only to them but also to community members who believed Canyon was going to reopen the hospitals.
Chester County Commissioners were “deeply disappointed” as well, saying the “on-again-off-again sale has cost precious time in our efforts to return emergent care, acute care and behavioral health services to these locations.”
The commissioners added, “restoring the services these two hospitals provided prior to closure continues to be a top priority for us.”
In a statement, Tower Health said its goal remains the same: “Find a solution that will allow Brandywine and Jennersville to continue serving their respective communities under new ownership.”
