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New Owners Close $10 Million Deal for Crozer-Chester, Pledge ‘Right-Sized’ Reopening

The deal seeks to rebuild safety-net care after closures reduced options across Delaware County.

Overview

  • Chariot Equities and Allaire Health Services completed the $10 million purchase of the 64-acre Crozer-Chester campus through a court-supervised sale.
  • The partners plan to secure an agreement within six months with a mission-aligned nonprofit health system to operate a scaled hospital and emergency department.
  • They target a first phase of services within two years, but have not disclosed a refurbishment budget for buildings that were stripped of equipment and neglected.
  • Main Line Health confirmed exploratory discussions and said emergency services would only be feasible on a break-even basis, citing a $15–$20 million estimate to make a comparable ER functional.
  • Crozer’s 2025 closure led to about 2,600 layoffs and left the county with only two hospitals, highlighting the access gap the project is intended to address.