DISTRESSED DAILY: Investor Seeks Millions From Busted Hospitals

Health-care investor Joel Freedman is seeking more than $500 million from the bankrupt shell of the hospitals he cobbled together starting in 2017 and then walked away from two years later.

Freedman and several entities affiliated with the Los Angeles private equity investor have filed multiple claims in the bankruptcy cases of the two historic, Philadelphia medical facilities: Hahnemann University Hospital and St. Christopher’s Hospital for Children.

Two of the biggest claims are designed to indemnify Freedman and his affiliates against monetary demands made by other entities involved in the bankruptcy case.

One involves a dispute with the hospital’s ...