UPDATED: 5:40 p.m.

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PHILADELPHIA (KYW Newsradio) — American Academic Health System (AAHS), the parent company of Hahnemann University Hospital, announced Wednesday morning that it will close the hospital a Philadelphia institution for more than 150 years  on or around Sept. 6.

The stunning news was delivered during employee meetings at the hospital, which were even live-streamed throughout the building for those who couldn’t leave their posts.

The company blamed the closure on “continuing, unsustainable financial losses.”

Emergency services to effectively end Monday

A letter from the mayor’s office obtained by KYW Newsradio disclosed Wednesday afternoon that in addition to the closure, Hahnemann’s ambulances and emergency services will effectively close beginning July 1.

The mayor and health commissioner said the abrupt closure of the

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