Why did Hahnemann Hospital close?

Ultimately the hospitals suffered from low Medicaid payments and couldn’t find a way to break even. Many observers — from former presidential candidate Bernie Sanders to Philadelphia Mayor Jim Kenney — saw a simple reason for the closure last summer of Hahnemann University Hospital: greed.

What happened to Hahnemann medical School?

In 2019, Hahnemann University Hospital was closed due to the bankruptcy of its owner, American Academic Health System (AAHS). In the wake of the closure, Drexel University and the College of Medicine developed plans for the continued training of our medical students at other affiliated hospitals.

How many beds did Hahnemann Hospital have?

Hahnemann, with nearly five hundred beds, occupied a city block on the edge of North Philadelphia, an area that includes several impoverished neighborhoods.

How old is Hahnemann Hospital?

The Hahnemann Medical College and Hospital, founded in 1848 as the Homeopathic Medical College of Pennsylvania, was located on North 15th Street in Philadelphia until 1928. It was the first homeopathic medical college in the United States.

What happened to Drexel medical students?

What happens to the medical students who do their clinical training at Hahnemann? About 30 percent of Drexel’s third- and fourth-year students were in clinical clerkships at the hospital. They have all been reassigned to other hospitals including some of Drexel’s regional campus partners.

Who bought Hahnemann?

Freedman
Hahnemann closed in stages over the summer of 2019. A joint venture of Tower Health and Drexel University bought St. Chris in December of 2019 for $58 million. That money was used to pay debts, including money owed to Midcap Financial and Tenet Healthcare Corp., which sold the hospitals to Freedman.

Does Drexel medical school still exist?

Drexel University College of Medicine at Tower Health is our four-year regional medical campus located in Berks County, Pennsylvania. Medical students train clinically at Tower Health – Reading Hospital, which is Magnet Recognized in acute care and designated as one of the top 100 hospitals in the country.

Is Drexel School of Medicine good?

Drexel University is ranked No. 85 (tie) in Best Medical Schools: Research and No. 94-124 in Best Medical Schools: Primary Care. Schools are ranked according to their performance across a set of widely accepted indicators of excellence.