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Crozer Health could begin closure as soon as Thursday morning if it does not get another $9 million by 4 p.m. Wednesday, an attorney for parent company Prospect Medical Holdings said during a court ...
If another cash infusion doesn’t arrive by Wednesday, the hospital system could begin diverting ambulances and patients to other facilities as soon as Thursday morning.
Crozer's owner, bankrupt Prospect Medical Holdings, told a U.S. Bankruptcy judge that it needs the money for payroll.
Crozer Health's two hospitals have already received $40 million in cash infusions over the last few months from the state, Delaware County and Foundation for Delaware County.
The hope was there would be an announced Crozer Health sale to a nonprofit Tuesday. That didn’t happen, writes Harold ...