This story originally appeared on The Philadelphia Business Journal.
Hahnemann University Hospital plans to eliminate 175 position 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