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== History == Hahnemann Medical College and Hospital was founded in 1848 as a homeopathic institution, part of the alternative medicine movement that challenged conventional medical practice during the nineteenth century. The institution evolved away from homeopathy through the twentieth century, becoming a conventional allopathic medical school and teaching hospital. Hahnemann trained thousands of physicians while providing care to Center City and surrounding neighborhoods.<ref name="hahnemann"/> The medical school merged with the Medical College of Pennsylvania in 1993, eventually becoming part of Drexel University's College of Medicine. The hospital continued operating as a teaching site for Drexel medical students and residents while providing community and specialty services. Various ownership changes preceded the ultimate crisis, with the hospital passing through nonprofit and for-profit hands.<ref name="hahnemann"/> American Academic Health System, owned by private equity firm Paladin Healthcare, acquired Hahnemann in 2018. The new owners faced a hospital with aging facilities, challenging payer mix, and competitive pressures from larger health systems. Within a year, the owners announced the hospital would close, attributing the decision to unsustainable financial losses.<ref name="hahnemann"/>
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