FTI Consulting, the Court-appointed receiver tasked with overseeing the distressed health system’s finances, expressed disappointment in the failure to reach an alternative resolution or sale for Crozer Health. Main Line Health had stepped in to absorb OB-GYN services, but other services such as home care and hospice units were slated for closure. The closure announcement has drawn strong reactions from Pennsylvania officials, with Governor Josh Shapiro accusing Prospect of prioritizing personal wealth over community well-being. The Attorney General’s office is committed to recouping money owed to the Commonwealth to hold Prospect accountable for the closure. The closure of two hospitals will reduce emergency healthcare options in the area, with efforts underway to coordinate emergency plans with other health systems. Despite efforts to keep Crozer running with taxpayer money and cash infusions, negotiations for a sale have failed, ultimately leading to the closure. Governor Shapiro is advocating for legislation to prevent private equity from disrupting healthcare services in Pennsylvania in the future.
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