Philadelphia Academic Health System, LLC, owner of Hahnemann and St. Christopher’s hospitals in Philadelphia, Pennsylvania, filed a petition for relief under chapter 11 in the Bankruptcy Court for the District of Delaware, along with 13 of its affiliates (Lead Case No. 19-11467). The filing comes days after Hahnemann announced that it would immediately stop accepting trauma patients and intended to shut down in September. The company reports $10 million to $50 million in assets and $100 million to $500 million in liabilities. No first day declaration or first day motions have been filed. The cases have been assigned to the Honorable Kevin Gross.
Contact Norman L. Pernick or G. David Dean for more information regarding this matter.