Crozer Chester

[WhatJobDoIPick]

Welp is looks like private equity is just about done with their latest destruction.

This was a 4 hospital system, with a full complement of residency programs.

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

Recent reprieves and last-minute cash influxes have seemingly not been enough to save Crozer Health as Prospect Medical Holdings -- the company that owns Delaware County's largest health network -- has definitively said the health system will close.

www.nbcphiladelphia.com

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[EMhawkeye]

The politicians allowed private equity to do it again in Philly. Learned nothing from the Hahnemann debacle.

 

[WhatJobDoIPick]

The politicians allowed private equity to do it again in Philly. Learned nothing from the Hahnemann debacle.

Prospect has the system since 2016 so it was kinda concurrent w Hahnemann. But yes, I agree.

 

[JacobMcCandles]

I thought Crozer Chester was going to be the name of the new Envision or USACS CEO or something.

 

[EMhawkeye]

Delaware County houses the four hospitals that are now getting closed down. It is a very medically underserved county. This hospital was one of the few remaining trauma centers in the county. These hospitals closing down is going to actively harm patients.

 

[xaelia]

These hospitals closing down is going to actively harm patients.

Keeping those hospitals open was going to actively harm the investors' return, though.

 

[hopeful22213]

Meanwhile we're told that doctors shouldn't own and operate hospitals...