UPDATED: 8:55 a.m.
PHILADELPHIA (KYW Newsradio) — Hahnemann University Hospital and Drexel University have agreed to send the majority students from the hospital to finish up their residency and fellowship programs to Tower Health, which operates six hospitals in the area, including Chestnut Hill Hospital.
The announcement came Wednesday morning in a joint statement. In a letter of intent, Tower says it will assume the responsibility of continuing the training and education the physicians are already receiving. And all three entities say they believe this transfer will cause the least disruption for the students.
On top of that, according to the still-to-be approved deal, Tower will try to hire staff members who are currently training the residents and fellows to provide as much continuity in the transition as possible. Tower says they will also provide free onsite housing for students at Reading Hospital, and free meals at all of their hospitals.
If everything goes as planned, the agreement submitted to U.S. Bankruptcy Court would see the transfer go through on Aug. 1. However, that date could be pushed back if additional goverment and regulatory approvals are needed.