Drexel, Tower Health make bid to buy St. Christopher's Hospital for Children

Saint Christopher's Hospital
Photo credit Shara Dae Howard/KYW Newsradio
By KYW Newsradio 1060
PHILADELPHIA (KYW Newsradio) — St. Christopher's Hospital for Children is on the auction block, and there's word of a joint bid from a Pennsylvania nonprofit and university to buy it.

After Wednesday's 2 p.m. deadline to submit bids, two are being reported.

That includes a joint bid from Drexel University and Reading-based Tower Health. In a statement, they say their goal is to make sure "pediatric services continues uninterrupted for the vulnerable, underserved community that depends on St. Christopher’s for its care."

Drexel and Tower have been working closely together. They signed a 20-year academic agreement back in February, and they're currently building a Drexel Medicine campus in West Reading. 

The other proposal, according to the Philadelphia Inquirer and the Philadelphia Business Journal, comes from KPC Group, which is a California-based company that previously said it was interested in buying Hahnemann Hospital. 

The auction for the hospital was prompted by the closing of Hahnemann University Hospital after its parent company filed for bankruptcy in June.

A consortium led by Jefferson Health, including Temple University Hospital, Einstein Medical Center and Philadelphia College of Osteopathic Medicine, was initially expected to submit a bid but bowed out. In a statement, the group says it will want to collaborate with whoever wins the auction. 


The Associated Press contributed to this report.