ChristianaCare To Acquire Crozer Health Medical Group

Non-profit Christiana Care Health System, Inc. (ChristianaCare) and Prospect Medical Holdings, Inc. (Prospect) signed a Letter of Intent (LOI) for ChristianaCare to acquire Crozer Health from Prospect. Definitive agreement execution is targeted for the second quarter of 2022 with the potential for closing to occur in the second half of 2022. Financial terms were not disclosed.

Under the LOI, ChristianaCare is to purchase the assets and operations associated with four Prospect hospitals and the hospitals’ related businesses, real estate assets, Crozer Health Medical Group and the associated assets, ambulatory centers, medical office buildings, physician clinics and ancillary outpatient services . . .