City, State Willing to Spend $15M to Deal With Hahnemann Bankruptcy

City, State Willing to Spend $15M to Deal With Hahnemann Bankruptcy

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Philadelphia, PA - bankruptcy of Hahnemann and St. Christopher’s hospitalsPennsylvania Governor Tom Wolf alongside Philadelphia Mayor Jim Kenney announced that their administrations are willing to spend up to $15 million to deal with potential gaps in provider and continuity of care fears associated with the bankruptcy of Hahnemann and St. Christopher’s hospitals.


 The Bankruptcy of Hahnemann and St. Christopher’s Hospital Fallout

Governor Wolf and Mayor Kenney called on the White House as well as Congress to match all state and local funding and to address the debts accrued by both governments to help assure Hahnemann patients in addition to workers are safeguarded.

The company’s outstanding debts to the state and city together make up nearly $40 million of its increasing $300 million running deficit. Both governing bodies had been working with the American Academic Health System to minimize the resolution of these debts before its owner's announced bankruptcy.

The state and city have already been working faithfully with the on-site management team to protect public health by making sure that the hospital’s impending closure is without question safe and orderly.

 

 

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