
Efforts to sell Crozer Health took several unexpected turns in the past 24 hours, with a new lawsuit quickly withdrawn and news emerging that Penn Medicine is working behind the scenes to help save the struggling health system.
These developments follow Crozer’s parent company, Prospect Medical, reporting in U.S. Bankruptcy Court Wednesday that it is making “good progress” in talks to sell the Delaware County health system to a nonprofit provider. During an emergency hearing Thursday, attorneys for the Foundation for Delaware County, which had filed the lawsuit, requested an update from Penn Medicine on its efforts to assist Crozer Health, though Penn Medicine representatives were absent.
*Article courtesy of Philadelphia Business Journal
For more information about Philadelphia medical space for sale or lease or about any other Philadelphia properties for sale or lease, please contact WCRE at 215-799-6900.
Wolf Commercial Real Estate, a full-service CORFAC International brokerage and advisory firm, is a premier Philadelphia medical commercial real estate broker that provides a full range of commercial real estate listings and services, property management services, and marketing commercial offices, medical properties, industrial properties, land properties, retail buildings and other Philadelphia commercial properties for buyers, tenants, investors, and sellers.
Please visit our website for a full listing of commercial properties for lease or sale, www.wolfcre.com.