Max Cooper, a former emergency room doctor at the now-closed Crozer Hospital in Delaware County, spoke about the dangers of private equity firms purchasing hospitals and then shutting them down for profit.
Prospect Medical Holdings, which closed four Delaware County hospitals in the last three years, purchased Corzer in July 2016 for $300 million. The company promised to keep the hospital open for 10 years, but closed it with very little warning last month.
Lawmakers in the Pennsylvania House passed House Bill 1460, which aims to stop exploitative private equity practices, by a bipartisan 121 to 82 margin on Tuesday. The bill also allows the Pennsylvania Attorney General’s office to block deals that threaten access to care.
✏️ / 📹 : Sean Kitchen
#Pennsylvania #Delco #DelawareCounty #Crozer #ProspectMedicalHoldings #Philadelphia #Philly #HealthCare #Hospitals
Video created: 2025-06-11T20:21:41.458Z
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