Prospect Medical Holdings, Inc., Completes Acquisition of Crozer-Keystone Health System - Crozer-Keystone Health System - PA

Published on July 01, 2016

Prospect Medical Holdings, Inc., Completes Acquisition of Crozer-Keystone Health System

Media Contacts:
Grant Gegwich
Crozer-Keystone Health System
(610) 447-6316
Grant.Gegwich@crozer.org


Gary Hopkins
Prospect Medical Holdings, Inc.
(805) 705-2586
gary@blancohopkins.com

Prospect Medical Holdings, Inc.

Prospect Medical Holdings, Inc. is
a growing healthcare services company.

Prospect Medical Holdings, Inc. today completed its acquisition of Crozer-Keystone Health System after receiving all necessary regulatory approvals.

Prospect will make significant capital investments in the Crozer-Keystone system, increasing the ability of Crozer-Keystone facilities to modernize, attract more patients and expand services. Prospect has also committed to maintain critical service lines and expand service offerings in the community to help ensure growth and sustainability. In addition, Prospect has offered employment to all Crozer-Keystone employees and management in good standing who are current as of the closing date on comparable terms, honored seniority levels and entered into recognition agreements with nearly all of the labor organizations that represent Crozer-Keystone employees.

About Prospect Medical Holdings, Inc.

Prospect Medical Holdings, Inc., a growing healthcare services company, offers a unique and innovative healthcare delivery model, known as Coordinated Regional Care, which emphasizes coordination of care and population health management, with an emphasis on wellness and preventive care. CRC helps coordinate quality, personalized care for patients through integrated networks of primary and specialty physicians, in affiliation with hospitals, clinics, other community-based providers and health plans. Prospect owns and operates 18 hospitals, as well as over 40 clinics and outpatient centers. Prospect also manages the provision of healthcare services for more than 300,000 members enrolled in its networks of nearly 10,000 primary care physicians and specialists. Prospect’s operations are located in diverse, high-density population areas in California, New Jersey, Pennsylvania, Rhode Island and Texas. For more information, visit www.pmh.com.

About Crozer-Keystone Health System

Crozer-Keystone Health System, based in Springfield, Pa., is the largest employer and health care provider in Delaware County, located southwest of Philadelphia. Crozer-Keystone provides a full spectrum of wellness, prevention, acute care, rehabilitation and restorative care to the community. The health system consists of Crozer-Chester Medical Center in Upland; Delaware County Memorial Hospital in Drexel Hill; Taylor Hospital in Ridley Park; Springfield Hospital in Springfield and Community Hospital in Chester. The system also operates several outpatient facilities, a comprehensive physician network of primary care and specialty practices, and the Healthplex® Sports Club. For more information, visit www.crozerkeystone.org or call 1-800-CK-HEALTH (1-800-254-3258).

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