WEST READING, Pa., Dec. 15, 2019 /PRNewswire/ -- Tower Health
and Drexel University have completed
the acquisition of St. Christopher's Hospital for Children from St.
Christopher's Healthcare, LLC, a subsidiary of American
Academic Health System. The acquisition was finalized on
Friday, December 13, 2019 with an
effective date of Sunday, December
15, 2019.
The hospital's acquisition, a partnership of Tower Health and
Drexel University, ensures that St.
Christopher's will remain a source of health and healing, medical
education and research, and jobs and economic benefit for its
Philadelphia neighborhood and the
broader region just as it has for the last 144 years. With the
acquisition, St. Christopher's will return to its historic roots as
a not-for-profit organization. The hospital will once again be
governed by local leaders who have deep roots in the Philadelphia community and who are committed
to advancing healthcare locally.
"We are grateful for the continuing dedication and hard work of
the physicians and employees at St. Christopher's," said
Clint Matthews, President and CEO,
Tower Health. "We are excited about a bright future for St.
Christopher's as it continues to serve as a center for healthcare,
medical education and research, and innovation."
Tower Health and Drexel University
are committed to the success of St. Christopher's and the role it
plays in the Philadelphia region's
healthcare. More than 30,000 children depend on the Hospital for
primary and specialty care and 70,000 children are served annually
by the Hospital's emergency department. The Hospital fulfills an
important strategic goal for Tower Health, enhancing pediatric
specialty services across the system, and expanding upon the
long-standing relationship in which specialists from St.
Christopher's have served patients at Reading Hospital. St.
Christopher's will also continue to play a critical part of the
educational experience for Drexel's third and fourth-year medical
students and their hospital-based clinical rotations in
pediatrics.
"I am delighted that Drexel
University College of Medicine students will continue to
have the opportunity to train alongside the expert physicians at
St. Christopher's," said Drexel
University President John
Fry. "Continuing this important academic affiliation
provides our students access to a high-quality training
facility."
Tower Health and Drexel University
entered into a $50 million agreement
to acquire St. Christopher's in September
2019. The goal of the acquisition is to ensure that
high-quality pediatric services continue without interruption for
the community that depends on St. Christopher's.
Click here to download the new St. Christopher's Hospital
for Children logo.
About St. Christopher's Hospital for Children
Located
in Philadelphia, Pa., St.
Christopher's Hospital for Children is a 188-bed facility that
provides exceptional care to children from throughout the
Greater Philadelphia area. The
Hospital is owned and operated as a partnership of Tower Health and
Drexel University. St. Christopher's
has more than 220 pediatric experts on staff, combining exceptional
pediatric care with a wide array of pediatric
specialties. It houses one of only three Level I Pediatric
Trauma Centers in Pennsylvania and
the only dedicated and verified Pediatric Only Burn Center between
Manhattan and Baltimore. St. Christopher's is a Magnet®
designated hospital and is listed as one of Women's Choice Award
Best Children's Hospital in 2019. For more information, visit
stchristophershospital.org.
About Tower Health
Tower Health is a strong,
regional, integrated healthcare provider/payer system that offers
leading-edge, compassionate healthcare and wellness services to a
population of 2.5 million people. With more than 14,000 team
members, Tower Health consists of Reading Hospital in West Reading; Brandywine Hospital in
Coatesville; Chestnut Hill
Hospital in Philadelphia;
Jennersville Hospital in West
Grove; Phoenixville Hospital in Phoenixville; Pottstown Hospital in
Pottstown; and St. Christopher's
Hospital for Children, a partnership of Tower Health and
Drexel University in Philadelphia. It also includes Reading
Hospital Rehabilitation at Wyomissing; Reading Hospital School of Health
Sciences in West Reading; home
healthcare services provided by Tower Health at Home; and a network
of 22 urgent care facilities across the Tower Health service
area. Tower Health offers a connected network of 2,200
physicians, specialists, and providers across more than 230
convenient locations. For more information,
visit towerhealth.org.
About Drexel College of
Medicine
The College of Medicine currently educates more
than 2,000 future physicians, biomedical scientists and health
professionals. It offers some of the most innovative and rigorous
academic programs available, incorporating Drexel's expertise
in engineering and technology into patient-centered medical
training. The College is home to one of the nation's leading
centers for spinal cord research; one of the foremost centers for
malaria study; and a highly regarded HIV/AIDS program with
extensive NIH-funded research in prevention and therapeutic
interventions.
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SOURCE Tower Health