I’m encouraged to bring you a major update in our work to prevent another Crozer crisis from happening in Pennsylvania.
As I mentioned above, last week the House voted to approve a bill I cosponsored, H.B. 1460, that would give the state Attorney General – and you, the public – the chance to review any proposed business deals involving private equity firms (like Prospect) buying our hospitals or nursing homes.
Importantly, this new accountability would also give the AG the power to deny such a sale if it’s likely to lead to facility closures, or even service shutdowns – like when Prospect closed the maternity ward at Delco Memorial Hospital for not generating enough profit.
Adding this basic oversight to our healthcare system would be a sensible move to protect our community from predatory companies that see our hospitals, nursing homes, and doctors’ offices as their personal piggybanks.
Now, it’s up to the state Senate to keep the bill headed to the governor’s desk.