On the record · Other
Hahnemann University Hospital
Philadelphia teaching hospital bought from Tenet Healthcare in January 2018 by American Academic Health System, an affiliate of investor Joel Freedman's Paladin Healthcare; closed permanently in August 2019 after fifteen months of ownership.
Research depth
Outcomes researched
Reviewed operating findings or a classified operating outcome are available.
Record updated Sept. 4, 2026
Current ownership
Current owner not established
This record does not identify a current owner. That absence is a gap in the record, not a conclusion about ownership.
Ownership and transaction history
Chronology from recorded ownership periods, transactions and reviewed outcome events. Event order does not imply causation.
Aug. 16, 2019
Operations ceased
Operating outcome
What happened under and after ownership
Operating outcome
No longer meaningfully operating
American Academic Health System, an affiliate of Paladin Healthcare led by Joel Freedman, bought Hahnemann from Tenet Healthcare on January 12, 2018. Closure was announced June 26, 2019, and the hospital shut down that September after fifteen months of ownership.
The hospital campus at 230 North Broad Street has stayed closed since 2019 with no successor hospital, displacing 574 residents and fellows.
- Founded
- 1885
- Sponsor at closure
- Paladin Healthcare (Joel Freedman)
- Wikipedia · founded 1885; ownership chain from AHERF through Tenet Healthcare (1998-2018) to American Academic Health System/Paladin Healthcare (Jan 12, 2018); closure time
- Private Equity Stakeholder Project · identifies Joel Freedman and Paladin Healthcare as having acquired Hahnemann University Hospital in Philadelphia in 2018, which then filed for bankruptcy and cl
- Academic Medicine (via Europe PMC), Orlowski JM and Thompson T, 'Lessons to Learn From Hahnemann University Hospital's Closure' · 2020 · confirms the June 2019 announcement of Hahnemann University Hospital's closing and its impact on the academic medicine community
What we do not know
These are gaps in the public record, not findings about the organization.
- No current public ownership assessment has been published.
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