St. Christopher’s Hospital expects to nearly break even after years of losses - but its financial lifeline expires next year.

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St. Christopher's financial turnaround is largely due to a two-year $54 million investment from a group of Philadelphia-area health systems.

Leaders at St. Christopher’s Hospital for Children are poised to ask a group of Philadelphia health systems that invested $54 million in the financially strugglingfrom Children’s Hospital of Philadelphia, Thomas Jefferson University, Temple Health, Philadelphia College of Osteopathic Medicine, Independence Health Group, and private donors has been a lifeline for St.

St. Christopher’s was bought out of bankruptcy by Tower Health and Drexel University in 2019. The hospital reported an operating loss of $97.6 million in 2021, which it narrowed to $10.3 million in 2022. In the fiscal year that ended in June, St. Christopher’s reported a loss of $534,000 — the closest its come to breaking even in years.

During a recent interview and facility tour with The Inquirer, Mueller pointed to progress made under his leadership: A team of security guards in the emergency department, a $5 million federal grant to upgrade outdated radiology equipment, a new fundraising foundation that in its first year garnered $1.5 million.

 

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