The medical staff at Medical College of Pennsylvania Hospital in Philadelphia, which Tenet Healthcare Corp. wants to close or sell, has joined the list of interested suitors.
"We can run it better," said cardiologist Nancy Pickering, M.D., a leader in the effort to save the hospital, which is set to close by June 30.
Pickering and her colleagues have gathered a management team with experience turning around ailing hospitals, started negotiating a $20 million bank loan and named a board of directors.
Tenet has said it is losing $5 million a month running the hospital, which was built in 1850 in the East Falls section of Philadelphia.
"There's a tremendous amount of excess corporate overhead that Tenet has," Pickering said. "Certain services like orthopedics and heart surgery have been torn out in recent years, and we plan to return them."
Temple University's health system and Drexel's medical school also have shown interest in buying the hospital.