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Prospect Sets October Auction for Crozer-Chester and Springfield Hospital Real Estate

Strict bid terms could make hospital reuse difficult.

Overview

  • Bankruptcy filings set bids due Oct. 7 with an auction on Oct. 10 if enough qualified offers are received.
  • Sale rules prohibit contingencies, leaving buyers to absorb unresolved property‑tax risk.
  • Industry analysts say likely bidders are real estate investors seeking medical tenants rather than health systems planning full reopenings.
  • Prospect shut Crozer-Chester this spring after closing Springfield in 2022, with more than 2,600 layoffs and only two hospitals now serving Delaware County.
  • The properties go to auction after other Crozer sites sold, including Taylor Hospital for $1 million, Delaware County Memorial to the Upper Darby School District for $600,000, and five outpatient centers to ChristianaCare.