Financially Ailing Hahnemann Hospital to Cut 175 Jobs

What to Know

  • Financially troubled Hahnemann Hospital in Philadelphia is cutting back on its workforce.
  • California-based American Academic Health System, which owns Hahnemann, plans to eliminate 175 Center City jobs.

Hahnemann University Hospital plans to eliminate 175 positions as the Center City medical center, under new ownership since the start of last year, struggles with monthly losses in excess of $3 million according to a hospital spokesman.

California-based American Academic Health System bought Hahnemann at St. Christopher’s Hospital from Tenet Healthcare in January 2018 for $170 million. Both hospitals were losing money prior to the transaction. Combined, Hahnemann and St. Christopher’s lost $15 million in fiscal 2017.

In an interview last summer, American Academic CEO Joel Freedman told the Philadelphia Business Journal the health system’s plans for improving Hahnemann included expanding inpatient and outpatient pediatric care services and forming partnerships with other health systems in the region. He said the University of Pennsylvania, Temple University, and Cooper University health systems along with Einstein Healthcare Network all expressed interest in discussing collaboration opportunities. No such partnership ever materialized.

Freedman, in that interview, said the two hospitals were losing $6 million a month when American Academic took them over.

Freedman did not return a call placed Wednesday asking about Hahnemann.

For more on the Hahnemann layoffs, click here.

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