ChristianaCare made a successful $50.3 million bid to acquire programs and services at the following Crozer Health outpatient locations:
• 300 Evergreen Dr., Glen Mills, PA.
ChristianaCare rendering of nieghborhood hospital in Aston, PA.
ChristianaCare made a successful $50.3 million bid to acquire programs and services at the following Crozer Health outpatient locations:
• 300 Evergreen Dr., Glen Mills, PA.
• 500 Evergreen Dr., Glen Mills, PA.
• 2010 West Chester Pike, Havertown, PA.
• 30 Lawrence Rd., Broomall, PA.
• 200 E. State St., Media, PA.
ChristianaCare has an existing location in the Glen Mills area near the Delaware line.
“As we work to meet the needs of our Delaware County neighbors, we are glad that ChristianaCare is able to take on these outpatient centers and provide stability and continuity of access to care for patients. At the same time, by investing back into the communities we serve, we continue to expand the availability of convenient, high-quality care throughout the region,” said ChristianaCare CEO Janice E. Nevin.
Crozer Health's parent company filed for Chapter 11 bankruptcy in January and at one point ChristianaCare was negotiating to acquire the health system. It later walked away from a deal citing changes in the health care field.
Crozer went into a steep financial decline and closed despite the injection of millions of dollars from Pennsylvania entities.
Since that time, ChristianaCare has been engaged with Pennsylvania state and county officials and health care partners as Crozer closed its hospitals in Delaware County.
“These facilities will complement the new campuses and neighborhood hospitals we are building in southeastern Pennsylvania—and together they will significantly expand our network of care,” said ChristianaCare Chief Strategy and Legal Officer Jennifer Schwartz. "At the same time, we continue our commitment to expand access to high-quality care in southeastern Pennsylvania, including primary care, a neighborhood hospital in West Grove, PA, opening in Summer 2025, and another in Aston opening in 2026. We also continue to explore options for an additional Delaware County neighborhood hospital location. We also continue to make investments in Delaware and Maryland to bring new treatments and technologies and create new access to care throughout the communities we serve."
The sale is expected to close in the near future, subject to court approval. The total winning bid was $50.3 million. ChristianaCare is assessing the programs and services that are provided at these outpatient centers .
Cain Brothers, a division of KeyBanc Capital Markets, served as the exclusive financial advisor to ChristianaCare on this transaction. McCarter & English, LLP served as legal counsel.
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