Creditors spar over proposed budget for Philadelphia hospital sale


Creditors are battling during bankruptcy proceedings over payment related to the closure of Hahnemann University Hospital, according to KYW Newsradio.

American Academic Health System announced plans in late June to close financially-struggling Hahnemann by Sept. 6. The academic medical center has already ended emergency department services as part of the wind down process.

Now a battle is ongoing in bankruptcy court over payments to creditors, who will provide services during the wind down of the 496-bed academic medical center, according to KYW Newsradio. 

The station reported that Hahnemann took out loans totaling $53 million, part before and part after filing for bankruptcy

Read the station's full report here


More articles on healthcare finance:

Hawaii physician: Why price transparency efforts are 'bound to backfire'
Pennsylvania hospital closer to resolving debt issues
ICD-10-PCS code updates released for FY 2020: 4 takeaways

© Copyright ASC COMMUNICATIONS 2021. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.


Featured Whitepapers

Featured Webinars