What is the latest status of the project “Hahnemann University Hospital Acquisition and Closure”?

The status recorded for “Hahnemann University Hospital Acquisition and Closure” is closed.

What is the budget and commercial profile for the project “Hahnemann University Hospital Acquisition and Closure”?

Taiyo normalizes the budget of “Hahnemann University Hospital Acquisition and Closure” to USD 170000000.

Where can I verify the source and access all details for “Hahnemann University Hospital Acquisition and Closure”?

This Taiyo project page references Center for American Progress along with the original URL (https://www.americanprogress.org/article/5-consequences-of-private-equitys-expansion-in-health-care-services/). Taiyo standardizes official data into a consistent, searchable project profile.

Hahnemann University Hospital Acquisition and Closure

Sector: Residential • Location: Philadelphia, Pennsylvania, United States

Source: Center for American Progress

Project

Closed

Hahnemann University Hospital, a safety-net hospital in Philadelphia, was acquired in January 2018 by private equity firm Paladin Healthcare through its subsidiary American Academic Health System (AAHS) for $170 million. The acquisition involved $120 million in high-interest loans and sale-leaseback of hospital buildings, increasing financial pressure on the hospital. The hospital's financial posi

Status: Closed
Sector: Residential, Hospital, Education, Road, Commercial
Location: Philadelphia, Pennsylvania, United States of America
Updated: 22 Jul 2026
Source: Center for American Progress

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The project “Hahnemann University Hospital Acquisition and Closure” is an infrastructure initiative in the Residential sector, located in Philadelphia, Pennsylvania, United States. Taiyo aggregates data on it from Center for American Progress.

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Status

Original status	closed
Taiyo status	Closed
Taiyo last update	2026-07-22

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Description

Description	Hahnemann University Hospital, a safety-net hospital in Philadelphia, was acquired in January 2018 by private equity firm Paladin Healthcare through its subsidiary American Academic Health System (AAHS) for $170 million. The acquisition involved $120 million in high-interest loans and sale-leaseback of hospital buildings, increasing financial pressure on the hospital. The hospital's financial position worsened, leading to layoffs, lawsuits, and ultimately filing for Chapter 11 bankruptcy in June 2019, followed by closure approximately three months later. The hospital's real estate was sold separately to another private equity firm in 2021.
Original sector	Healthcare
Budget

Location

Country	United States of America (USA)
State	Pennsylvania
City	Philadelphia

Source

Source	Center for American Progress
URL

More Details

Record type	Project
Sector	Residential, Hospital, Education, Road, Commercial
Article published date	2025-11-02

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Hahnemann University Hospital Acquisition and Closure

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