"It's not safe, we're in the middle of everything Jefferson [University Hospital] is not so far, but for a life-threatening situation, the protocol is important," said Maria Gutierrez, an oncological nurse of Hahnemann Call from a manager who announced that all her shifts had been canceled. "That's why he wants the land."
Not included in the submission: The unit that owns the entire site of the city block below the hospital, as well as some associated medical office buildings and parking garages that Freedman had split from the operational business when he and his co-investors acquired them. The same central location, which Hahnemann has made valuable as a healthcare provider ̵
"He can not earn money with the country," said Patrick Clancy, president and CEO of Philadelphia Works, the urban employment agency that now supports thousands of newly unemployed workers. "He will have left our city and with money in hand and 2,400 people crawling around, have returned to where he calls home."
Freedman declined to comment on this story by e-mail. "I'll have a lot to say about the Hahnemann situation in just a few weeks. "In a statement released on July 15, he said the state of Pennsylvania had refused to provide the necessary financial support – which the state denies – and was open to any solution that would keep the hospital running not publicly commenting on what's in store for the site.
Despite this, retailers have been reluctant to abandon struggling companies while benefiting from their real estate.
The companies know that there are always these properties, even if everything else goes awry is going to sell, "says Jim Baker, who runs the Private Equity Stakeholder Project, a non-profit organization dedicated to helping people who are adversely affected by private equity. "It will be part of the business from the start."
When it comes to a hospital, however, the stakes for the church are even higher. If the Hahnemann bankruptcy is proceeding as planned, supporters fear that other private equity companies might try with difficult hospitals to revamp neighborhoods in the US. "It will blow up if you have a success like Hahnemann," says Eileen Appelbaum, a private equity expert co-director of the Leftwing Center for Economic and Policy Research. "Everyone will know that you can make money from a hospital property."