Christiana Care Health System and Prospect Medical Holdings today announced that negotiations for the purchase of Crozer Health have concluded without an agreement.
ChristianaCare and Prospect announced the signing of a Letter of Intent for ChristianaCare to acquire Crozer Health from Prospect on Feb. 11. Since the signing of the LOI in February, the economic landscape has significantly changed, impacting the ability of the sale to move forward, the companies said.
A deal to acquire financially troubled Crozer Health would have brought Delaware’s largest health system into Southeastern Pennsylvania’s highly competitive market, up against Penn Medicine, Jefferson Health, and Main Line Health. Read more.
