Investors buy shuttered Pennsylvania hospital for $1M

A hospital that was part of now-shuttered Upland, Pa.-based Crozer Health has been bought by a group of private investors for $1 million, The Philadelphia Inquirer reported Sept. 5. 

Ridley Park, Pa.-based Taylor Hospital closed April 26 after a bankruptcy court approved owner Prospect Medical Holdings’ plan to wind down operations at Crozer.

The buyer is a partnership led by Todd Strinem, who is the majority owner of medical transport company Keystone Quality Transport, according to the report. He said the ideal outcome would be to reopen an emergency room, “because that’s what Delaware County needs.”

Los Angeles-based Prospect, which sought Chapter 11 protection in January, has been working to offload many of its 16 hospitals. 

Another former Crozer facility, Drexel Hill-based Delaware County Memorial Hospital, was sold Aug. 14 to Upper Darby School District for $600,000. The district plans to use the property for an expansion of its neighboring high school, according to the report. That hospital closed in 2022.

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