Hahnemann entered Chapter 11 bankruptcy in late June and is slated to close in September. Hahnemann’s owners had agreed to sell its residency slots to West Reading, Pa.-based Tower Health for $7.5 million. However, six health systems teamed up to bid $55 million for the residency programs on Aug. 9.
Three Philadelphia-based health systems — Einstein Healthcare Network, Jefferson Health and Temple University Health System — joined forces with Bryn Mawr, Pa.-based Main Line Health, Camden, N.J.-based Cooper University Health Care and Wilmington, Del.-based Christiana Care Health System to place the winning bid.
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