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Philly Hospitals Reach Deal Over Real Estate In Ch. 11 – Law360

By Vince Sullivan (August 8, 2022, 2:11 PM EDT) — The former owner of two Philadelphia hospitals proposed a settlement Monday in Delaware bankruptcy court that would resolve a long-running dispute with entities that own the real estate upon which the facilities sit.

In the motion to approve the settlement, debtor Center City Healthcare said it had reached a deal that disposes of a series of legal controversies over the Philadelphia properties involving entities affiliated with Paladin Healthcare Capital founder Joel Freedman.

The deal, reached through a lengthy mediation process with retired bankruptcy judge and Hogan Lovells senior counsel Kevin J. Carey, will see the debtor share in the proceeds from…



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