Philadelphia hospital residency slots draw $55M bid

A consortium of six health systems placed the winning bid for Philadelphia-based Hahnemann University Hospital's more than 550 residency slots, according to WHYY.

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.

Access the full WHYY article here.

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