PCOM and Area Health Leaders to Assess Acquisition of St. ChrisJuly 17, 2019
Einstein, Jefferson, PCOM and Temple create consortium in attempt to save 143-year-old
pediatric hospital from bankruptcy.
Four Philadelphia-based academic healthcare organizations — Einstein Healthcare Network,
Jefferson Health, Philadelphia College of Osteopathic Medicine (PCOM) and Temple Health — today announced the creation of a consortium to collectively
negotiate with American Academic Health System (AAHS) the purchase of St. Christopher’s
Hospital for Children and its assets.
The 188-bed teaching hospital was included in a recent voluntary Chapter 11 bankruptcy
reorganization, along with Hahnemann University Hospital, by parent company Philadelphia
Academic Health System, a subsidiary of AAHS.
The four consortium institutions intend to submit a Letter of Intent (LOI) to AAHS
for the purpose of enabling St. Christopher’s to continue its mission of caring for
the underserved children of our community. St. Christopher’s has one of the country’s
busiest emergency departments for children, as well as a network of primary and specialty
care locations throughout the Philadelphia suburbs and New Jersey. All consortium
institutions have academic affiliations with St. Christopher’s, either for training
physicians, nurses or other allied health professions.
“In a time of difficult transition for health care in Philadelphia, four healthcare
organizations stepping up to do what’s right by St. Christopher’s patients is truly
emblematic of neighbors helping neighbors,” said Achintya Moulick, MD, M. Ch, MBA,
Chief Medical Officer at St. Christopher as well as chairman of Cardiothoracic Surgery.
“This will ensure continuity of care and service to the children of the community
it serves, especially the underserved population. The faculty, staff and medical leadership
at St. Christopher’s hospital will be thrilled with the possibilities this could hold
for the future of the hospital and allow them to continue delivering excellent care
to the patients that come through the doors of this hospital.”
The leaders of Einstein, Jefferson, PCOM and Temple underscored the importance and
impact of protecting pediatric care options, especially for underserved populations,
”St. Christopher's Hospital for Children is an essential provider of healthcare services
for the children in the Philadelphia region. Einstein has a long history with St.
Christopher's providing joint programming, healthcare services and training programs,”
said Barry R. Freedman, President and Chief Executive Officer for Einstein Healthcare
Network. ”We understand the significance of their presence in an area of Philadelphia
that already has limited access to quality healthcare services for children. It is
Einstein's obligation to step forward, along with our colleagues at Temple, Jefferson
and PCOM to save this precious asset. As one voice, this group of community-minded,
mission-driven healthcare organizations will do what we can to keep St. Christopher’s
open, to continue serving those most in need, those most vulnerable and those most
underserved, Philadelphia's children.”
”This remarkable consortium is a bright light in an otherwise dark moment in Philadelphia
healthcare that would bring together four key nonprofits to safeguard children in
our community,” said Stephen K. Klasko, MD, MBA, President of Thomas Jefferson University
and CEO of Jefferson Health. “It will stabilize care for the underserved as together
we represent the great majority of admissions to St. Christopher’s. It will stabilize
pediatric residencies for all of us, and medical students for three of the partners.
It allows us to work with a children’s hospital partner, as needed. And our proposal
recognizes the mayor, governor and state legislature’s commitment to support St. Christopher’s
due to its importance to Philadelphia, the region and providing the best possible
care for every child that needs it.”
“PCOM is committed to improving community health through compassionate care and a
rigorous education for future healthcare providers,” said PCOM President and CEO Jay S. Feldstein, DO ’81. “By partnering with these like-minded institutions, we have the unique opportunity
to ensure St. Christopher’s remains a sustainable entity for providing world- renowned
pediatric care for patients and exceptional training for health care professionals.”
“The St. Chris story, inextricable from Philadelphia’s and Temple’s, is a living legacy
that predates Waldo Nelson – the father of pediatrics – who chaired Temple pediatrics
as medical director at St. Chris for nearly three decades starting in 1940. We in
this consortium have an extraordinary stake in the health and welfare of children
of Philadelphia and in the training of pediatricians. St. Chris is part of a Philadelphia
family legacy. It needs to stay that way,” said Larry R. Kaiser, MD, FACS, The Lewis
Katz Dean at the School of Medicine, Senior Executive Vice President for Health Affairs
at Temple University, and President and CEO of Temple University Health System.
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