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New Jersey-based CHA Partners is looking to buy Crozer Health.
CHA and Crozer’s parent company, Prospect Medical Holdings, signed a letter of intent, according to an email sent to Crozer employees Wednesday evening.
CHA will work with Healthcare Preferred Partners to transfer the struggling four-hospital system in Delaware County back to nonprofit status, the email said.
“This is a positive step for our physicians, employees, and the communities we serve, as it will help secure Crozer Health’s future as a critical healthcare provider in Delaware County,” Crozer CEO Tony Esposito said in the email.
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