Christianacare is the tenderer selected in a highly competitive auction to resume operations of programs and services in a certain number of crunchy ambulatory 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.
“While we work to meet the needs of our neighbors in the county of Delaware, we are happy that Christianacare can take these ambulatory centers and ensure the stability and continuity of access to patient care,” said the president and chief executive officer of Christianacare, Janice E. Nevin, MD, MPH.
“At the same time, by investing in the communities that we serve, we continue to extend the availability of practical and high quality care throughout the region.”
Crozer Health’s mother company filed a bankruptcy of chapter 11 in January. As one of the neighbors closest to the Crozer-Chester Medical Center, Christianacare is committed to the officials of the state of Pennsylvania and the county and health care partners throughout the region to plan the health care needs of the County Community of Delaware.
“These installations will complete the new campuses and neighborhood hospitals that we build in southeast Pennsylvania – and together, they will considerably expand our care network,” said chief strategy and judicial head Jennifer Schwartz, ESQ.
“At the same time, we continue our commitment to develop access to high quality care in the south-east of Pennsylvania, including primary care, a neighborhood hospital in West Grove, Pennsylvania, the opening in the summer of 2025, and another in Aston at opening in 2026.
“We also continue to make investments in Delaware and Maryland to provide new treatments and technologies and create new access to care in the communities we serve.”
The sale should end in the near future, subject to the approval of the court. The total winning offer was $ 50.3 million. Christianacare actively assess the programs and services provided in these ambulatory centers to determine the services to continue, restart or grow.
Cain Brothers, a Keybanc capital market division, was the exclusive financial advisor of Christianacare on this transaction. McCarter & English, LLP was a legal advisor.