Per the deal, CHA will transfer the four hospitals within the system back to nonprofit status. CHA, a real estate company, owns and operates five other hospitals in New Jersey as well as several ASCs in the region.
“We believe this is a positive step for our physicians, employees and the communities we serve, and will help secure Crozer Health’s future as a critical healthcare provider in Delaware County,” Crozer CEO Tony Esposito said in a statement shared with Becker’s. “Because this is very early in the process and the negotiations are confidential, we are unable to provide any additional information at this time.”
At the Becker’s 32nd Annual Meeting: The Business and Operations of ASCs, taking place October 29-31 in Chicago, ASC leaders, surgeons and healthcare executives will explore strategies to drive growth, enhance operational performance, navigate reimbursement challenges and prepare for the future of ambulatory surgery. Apply for complimentary registration now.