Shuttered Springfield (Pa.) Hospital was purchased by KQT Aikens Partners for $1 million March 11, making it the last of Upland, Pa.-based Crozer Health’s four facilities to be sold.
Los Angeles-based Prospect Medical Holdings, Crozer Health’s parent company, also sold its Ridley Park, Pa.-based shuttered Taylor Hospital to KQT Aikens Partners for $1 million in September 2025. Prospect sought Chapter 11 protection in January 2025. It closed Springfield Hospital in 2022 and Taylor Hospital in April 2025.
Todd Strine, CFO and owner of KQT Aikens Partners, said in a March 11 statement shared with Becker’s that the company’s goal is to bring both Springfield and Taylor hospitals “back to life.”
“In the wake of the closure of four of our county’s six hospitals, we’re doing our best to lead the recovery by acquiring the two we feel have the best chances to reopen sooner rather than later,” Mr. Strine said. “We welcome large regional systems to partner with us in this effort, as well as ASCs and entrepreneurial healthcare providers.”
Prospect’s other two Crozer hospitals have also faced a rocky path. Upland, Pa.-based Crozer-Chester Medical Center closed in May 2025, but was purchased by Chariot Equities, a real estate investment and development company, and Allaire Health Services in January 2026 with plans to reopen.
Its Drexel Hill-based Delaware County Memorial Hospital closed in 2022, but was sold in August 2025 to Upper Darby School District for $600,000. The district plans to use the property as an expansion of its neighboring high school.
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