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Bankruptcy Auction: $10M Bid for Crozer-Chester Hospital

10/15/2025

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Summary

Story summary

Prospect Medical Holdings received bids for Crozer-Chester Medical Center and Springfield Hospital during a bankruptcy auction.
Chariot Allaire Partners bid $10 million for Crozer-Chester, while Restorative Health Foundation and Syan Investments offered $3 million for Springfield Hospital.
Both sales require U.S. Bankruptcy Court approval and tax assessments must be adjusted to the sale prices.
Springfield Township officials have raised objections to the potential abandonment of the properties, which could lead to foreclosure by local taxing authorities.

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Story summary

Prospect Medical Holdings received bids for Crozer-Chester Medical Center and Springfield Hospital during a bankruptcy auction.
Chariot Allaire Partners bid $10 million for Crozer-Chester, while Restorative Health Foundation and Syan Investments offered $3 million for Springfield Hospital.
Both sales require U.S. Bankruptcy Court approval and tax assessments must be adjusted to the sale prices.
Springfield Township officials have raised objections to the potential abandonment of the properties, which could lead to foreclosure by local taxing authorities.