St. Christopher’s Hospital for Youngsters in Philadelphia entered chapter in late June, and several other well being techniques are anticipated to put competing bids to take over the 188-bed hospital, in keeping with The Philadelphia Inquirer.  

St. Christopher’s Hospital will likely be bought at an public sale slated for Sep. 19. One bid will come from 4 Philadelphia-based healthcare organizations, which created a consortium in July to buy the hospital. The consortium is led by Jefferson Well being and likewise contains Einstein Healthcare Community, Philadelphia Faculty of Osteopathic Drugs and Temple College Well being System, in keeping with the report.

Studying, Pa.-based Tower Well being might problem that bid. Tower is predicted to make a joint bid with Drexel College in Philadelphia. Independence Well being Group, the biggest medical insurance firm within the Philadelphia area, and Philadelphia-based Penn Drugs are reportedly backing Tower Well being’s anticipated bid, in keeping with the report.

Entry the total article from The Philadelphia Inquirer right here.

Extra articles on healthcare trade transactions:

6 hospital mergers known as off in previous 12 months
Hospital M&A replace: 10 newest offers
High bid for Kentucky hospital falls by

© Copyright ASC COMMUNICATIONS 2019. Curious about LINKING to or REPRINTING this content material? View our insurance policies by clicking right here.