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.

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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

 

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