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Bankruptcy Judge Tentatively Approves Girard Medical Center Sale

Submitted by jhartgen@abi.org on

Pending final review, U.S. Bankruptcy Judge Magdeline D. Coleman said yesterday that she would approve the sales of North Philadelphia Health System’s properties at Eighth Street and Girard Avenue for a combined $10.25 million, Philly.com reported. The bulk of the property, including Girard Medical Center and the associated Goldman Clinic, a methadone clinic, will go to Ironstone Real Estate Partners for $8.5 million. Ironstone intends to maintain the property as a behavioral-health and drug-treatment center as long as it has an agreement with a care provider to operate the facilities. Additional parcels are being sold to Project HOME, which will pay $1.75 million.