A group of private investors has entered into a deal to acquire the shuttered Taylor Hospital in Delaware County for $1 million, according to documents filed in the U.S. Bankruptcy Court in Texas by Prospect Medical Holdings. California-based Prospect Medical, which filed for bankruptcy in January, is the owner of the closed Ridley Park hospital campus at 175 E. Chester Pike and was the owner of the medical center's parent company, the now defunct Crozer Health in Delaware County. Todd Strine, majority owner of the Delaware County ambulance company Keystone Quality Transport in Springfield, is leading the investor group called KQT Aikens Partners. The proposed deal includes an agreement by Delaware County, Ridley Park Borough and Ridley School District to lower the taxable value of the hospital property from an assessed value of $60 million to a fair market value of $1 million for the next two years. The deal requires court approval.
Source: Philadelphia Business Journal; 9/5/2025