Other proposed bills involve a minimum severance in the case of mass layoffs and more notice for the state’s attorney general on proposed transactions. All three bills were revived now that Democrats are in the majority in both the state House and Senate.
The four Delaware County senators, who reintroduced the bills, want to halt what they term the “financial looting of Pennsylvania hospital systems by private equity and for-profit companies.”
The bills up for discussion come amid an ongoing dispute between legislators and Los Angeles-based Prospect Medical Holdings over the closure in late 2022 of Upland, Pa.-based Crozer Health’s Delaware County Memorial Hospital. Crozer Health is owned by the for-profit group.
Similar bills are expected to be drawn up in the state House, the report said.
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