Saga Continues for St. Christopher’s Hospital for Children

Saga Continues for St. Christopher’s Hospital for Children

by | Jan 31, 2020 3:22 pm | Hospitals

Where there’s a hospital or health system filing for bankruptcy protection, there’s usually a sale in the offing that involves a real estate investment trust. That’s the most recent twist in the story of St. Christopher’s Hospital for Children, which we first reported in September 2019. The 188-bed hospital, a critical safety-net hospital for children in North Philadelphia, and Hahnemann University Hospital were sold in September 2018 to California investment banker Joel Freedman, head of American Academic Health System, LLC (AAHS), for $170 million. Hahnemann’s financial troubles prompted Freedman to file for Chapter 11 bankruptcy protection for both hospitals on... Read More »