ChristianaCare Acquires Crozer Outpatient Centers In $50.3M Deal

ChristianaCare’s acquisition cost $50.3 million.

WILMINGTON — ChristianaCare has announced it will take over operations at five Crozer Health outpatient locations in Delaware County, Pa. following a successful $50.3 million bid in a court-supervised auction.

“These facilities will complement the new campuses and neighborhood hospitals we are building in southeastern Pennsylvania—and together they will significantly expand our network of care,” said ChistianaCare’s Chief Strategy and Legal Officer Jennifer Schwartz.

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The acquisition includes facilities in Glen Mills, Havertown, Broomall, and Media:

300 Evergreen Dr., Glen Mills
500 Evergreen Dr., Glen Mills
2010 West Chester Pike, Havertown
30 Lawrence Rd., Broomall
200 E. State St., Media

The transaction, which is subject to court approval, comes after Crozer Health’s parent company filed for Chapter 11 bankruptcy in January.

ChristianaCare has been collaborating with Pennsylvania officials and regional health partners in response to Crozer’s financial struggles.

The acquisition is expected to bolster the health system’s growing presence in southeastern Pennsylvania, which includes upcoming neighborhood hospitals in West Grove (opening summer 2025) and Aston (2026).

Another site in Delaware County is under consideration.

ChristianaCare said it is reviewing existing services at the newly acquired outpatient centers to determine which programs will be continued, restarted, or expanded.

Cain Brothers, a division of KeyBanc Capital Markets, served as the exclusive financial advisor for the deal, with legal counsel provided by McCarter & English, LLP.