Judge halts $55M sale of Hahnemann residency programs

A bankruptcy judge has temporarily halted the sale of Philadelphia-based Hahnemann University Hospital's residency programs, according to WHYY.

Hahnemann entered Chapter 11 bankruptcy in late June. A judge approved the sale of the now-shuttered hospital's residency programs on Sept. 5.

Six Philadelphia area health systems teamed up to place the winning $55 million bid for Hahnemann's more than 550 residency slots. CMS opposed the sale, and lawyers for the Justice Department requested a stay on the order to temporarily block the sale from going through while the government files an appeal. The temporary stay was granted Sept. 16.

If the government's appeal is successful, Hahnemann's creditors would stand to lose $55 million, according to WHYY.

Access the full WHYY article here.

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