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private equity in healthcare

When Private Equity Smashes Hospitals Like Piggy Banks, Patient Care Suffers

August 1st, 2025

On May 2, 2025, Crozer-Chester Medical Center — the last remaining Level 1 trauma center in Delaware County, Pennsylvania — closed its doors, less than 10 years after it was purchased by Prospect Medical Holdings. Prospect is a for-profit healthcare company owned by Los Angeles-based …

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