Tower Health News Philadelphia Inquirer

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Tower Health started 2021 with a smaller loss after a

2 hours ago by Inquirer.com

Published. Jun 5, 2021. Financially beleaguered Tower Health, which owns six hospitals in the Philadelphia area, reported progress in its turnaround during the first three months of this year. The nonprofit system, based in Berks County, reduced its operating loss in the quarter to $80 million, down from the $111 million loss in the last three

Link: https://www.inquirer.com/business/health/tower-finances-covid-hospitals-jefferson-temple-20210605.html

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Tower Health takes itself off the auction block, pursues

Just Now by Bizjournals.com

The Tower Health board has signed a non-binding letter of intent to begin the process of developing an "alignment model" with Penn Medicine, one of the largest health systems in the Philadelphia

Link: https://www.bizjournals.com/philadelphia/news/2021/07/30/tower-health-penn-medicine-alliance-philadelphia.html

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The Philadelphia Inquirer Article About Tower Health

5 hours ago by Beauty-health-news.info

Tower Health Started 2021 With A Smaller Loss After A . inquirer.com - Financially beleaguered Tower Health, which owns six hospitals in the Philadelphia area, reported progress in its turnaround during the first three … Tower Health started 2021 with a smaller loss after a bruising 2020 - Flipboard. 4 people watched / 5 days ago See more ››

Link: https://beauty-health-news.info/the-philadelphia-inquirer-article-about-tower-health/

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Chester County braces for sale or closure of Tower Health

2 hours ago by Msn.com

When the nonprofit Tower Health bought three Chester County hospitals that had been for-profit since the early 2000s, Maureen Tomoschuk was delighted. The Philadelphia Inquirer

Estimated Reading Time: 9 mins

Link: https://www.msn.com/en-us/news/us/chester-county-braces-for-sale-or-closure-of-tower-healths-brandywine-and-jennersville-hospitals/ar-BB1c3Q4V

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Tower Health says no decision on potential Philadelphia

8 hours ago by Bizjournals.com

Tower Health has six hospitals in the five-county Philadelphia region: Chestnut Hill, Pottstown, Brandywine, Phoenixville and Jennersville. As a whole, the health

Link: https://www.bizjournals.com/philadelphia/news/2021/01/29/tower-health-guidehouse-covid-losses-hospitals.html

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Tower Health Ponders Selling Brandywine, Phoenixville

4 hours ago by Vista.today

With massive debt and huge losses in the past two years weighing heavily on its operations, Tower Health is considering selling its Philadelphia-area hospitals, writes Harold Brubaker for The Philadelphia Inquirer. Three years ago, the Berks County nonprofit acquired six hospitals in the region, including Pottstown Hospital in Montgomery County and Brandywine, Phoenixville, and …

Estimated Reading Time: 1 min

Link: https://vista.today/2020/11/tower-health-ponders-selling-brandywine-phoenixville-jennersville-hospitals/

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Biggest local health systems not Healthcare News

5 hours ago by Beckershospitalreview.com

Tower Health, a six-hospital system in West Reading, Pa., is looking for a partner to buy the entire system, but the biggest health systems in Philadelphia and Pittsburgh are not interested, the

Link: https://www.beckershospitalreview.com/hospital-transactions-and-valuation/biggest-local-health-systems-not-interested-in-buying-tower-health.html

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Phila Inquirer Tower Health LifeHealthy.Net

3 hours ago by Life-healthy.net

Tower Health Layoffs Deal Another Blow To Philadelphia’s . Tower Inquirer.com Get All ››. Tower Health layoffs deal another blow to Philadelphia’s low-wage health-care workers Tower Health is eliminating 65 positions across the only two union hospitals in its network — Chestnut Hill and Pottstown. Tower Health is downsizing at Chestnut Hill Hospital, shown here, and Pottstown Hospital.

Link: https://life-healthy.net/phila-inquirer-tower-health/

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Tower Health Makes Hospital Leadership Changes The Post

7 hours ago by Sanatogapost.com

An Aug. 2019 view of Brandywine Hospital in Coatesville. WEST READING PA – The owner of Pottstown and Phoenixville hospitals, Tower Health, which during fiscal 2020 reportedly more than doubled its operating losses of the previous year, said Tuesday (Nov. 10) it would continue a “strategy of streamlining and centralizing decision-making” with cost-saving leadership changes at a …

Link: https://sanatogapost.com/2020/11/11/tower-health-hospitals-changes/

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Tower Health considers selling 6 Healthcare News

8 hours ago by Beckershospitalreview.com

As part of a financial turnaround plan, Tower Health will consider selling all six of its Philadelphia-area hospitals, according to The Philadelphia Inquirer. The West Reading, Pa.-based health

Link: https://www.beckershospitalreview.com/hospital-transactions-and-valuation/tower-health-considers-selling-6-hospitals-as-part-of-financial-turnaround-plan.html

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Tower Health’s plans were small before expanding bigtime

6 hours ago by Healthzip.org

Tower Well being Jennersville Hospital, in Penn Township, is considered one of 5 that Tower Well being purchased from Group Well being Techniques Inc. in 2017 for $423 million, solely to endure large losses from the hospitals within the first years of possession. In early 2016, Tower Well being was sitting on a pile of …

Link: https://healthzip.org/tower-healths-plans-were-small-before-expanding-big-time-into-the-philly-area-the-philadelphia-inquirer/

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Report: Tower Health considering sale of 6 hospitals

8 hours ago by Wfmz.com

WEST READING, Pa. - Berks County-based Tower Health is said to be considering a plan to sell all six of its Philadelphia-area hospitals. The Philadelphia Inquirer reports that Tower

Link: https://www.wfmz.com/news/area/berks/report-tower-health-considering-sale-of-6-hospitals/article_58c7fd5e-253f-11eb-b41d-5b1cff4d8c6c.html

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Philadelphia Inquirer Tower Health Article LifeHealthy.Net

8 hours ago by Life-healthy.net

Tower Health And Its Philly Area Hospitals Are For Sale . Tower Inquirer.com Get All ››. Last Thursday, Tower Health laid off 15 people at St. Christopher’s Hospital for Children, including four doctors. The North Philadelphia hospital had an operating loss of $31 million in the last six months of last year. Last week, Tower promoted Suzanne Wenderoth, a physician, to chief executive of

Rating: 4.4/5(24)

Link: https://life-healthy.net/philadelphia-inquirer-tower-health-article/

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All of Tower Health could be acquired Health News & Tips

6 hours ago by Healthcarefluent.com

[unable to retrieve full-text content] All of Tower Well being may very well be acquired in new push for rescue of the troubled well being system The Philadelphia Inquirer

Link: https://healthcarefluent.com/all-of-tower-health-could-be-acquired-in-new-push-for-rescue-of-the-troubled-health-system-the-philadelphia-inquirer/

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Tower Health An 'Insult To Pottstown,' Lawmaker Says

4 hours ago by Patch.com

Tower Health An 'Insult To Pottstown,' Lawmaker Says - Pottstown, PA - Tower's layoffs of 1,000 employees impacted both Phoenixville and Pottstown, communities "rocked by Tower's greed," a …

Link: https://patch.com/pennsylvania/pottstown/tower-health-insult-pottstown-lawmaker-says

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Tower Health cuts management pay amid COVID19 losses

2 hours ago by Takolpakol.blogspot.com

Tower Health cuts management pay amid COVID-19 losses - The Philadelphia Inquirer takolpakol.blogspot.com. Tower Health on Monday announced temporary salary cuts of 10% or 15% for 400 executives and managers. The move, effective in Feb. 19 paychecks,

Link: https://takolpakol.blogspot.com/2021/02/tower-health-cuts-management-pay-amid.html

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Drexel University, Tower Health to buy St. Christopher's

8 hours ago by Phillyvoice.com

Screenshot/Google Street View Drexel University and Tower Health reportedly have agreed to pay $50 million to purchase St. Christopher's Hospital for Children from Philadelphia Academic Health

Link: https://www.phillyvoice.com/st-christophers-hospital-children-sale-drexel-university-tower-health/

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Tower Health’s financial condition called News Break

7 hours ago by Newsbreak.com

Two major credit-ratings agencies slammed Tower Health with downgrades to “junk” bond status Friday, declaring that the nonprofit owner of seven Philadelphia-area hospitals is in “precarious financial position” and “faces a difficult path to recovery.”. The downgrades by Standard & Poor’s and Fitch Ratings came after more than $550 million

Link: https://www.newsbreak.com/pennsylvania/philadelphia/news/2093434507726/tower-healths-financial-condition-called-precarious-in-credit-downgrade-to-junk-status

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Moneylosing Tower Health replaces CEO after sustaining

2 hours ago by Gongstown.com

Health News Surgeon general warns misinformation an ‘urgent threat’ to public health Indiana Health Department to offer free health screenings, vaccinations at health

Link: https://www.gongstown.com/money-losing-tower-health-replaces-ceo-after-sustaining-big-losses-in-philly-and-suburban-hospitals-the-philadelphia-inquirer/

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Oscar Health IPO Could Shake Up Kaiser Health News

9 hours ago by Khn.org

Philadelphia Inquirer: Money-Losing Tower Health Replaces CEO After Sustaining Big Losses In Philly And Suburban Hospitals Tower Health, the financially troubled health

Link: https://khn.org/morning-breakout/oscar-health-ipo-could-shake-up-digital-health-industry/

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Tower Health The Chamber of Commerce for Greater

7 hours ago by Apps.chamberphl.com

The Chamber of Commerce for Greater Philadelphia. Business Description: About Tower Health is a strong, regional, integrated healthcare provider/payer system that offers leading-edge, compassionate healthcare and wellness services to a population of 2.5 million people.

Link: https://apps.chamberphl.com/directory/314047/tower-health

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Frequently Asked Questions

Where are the hospitals that Tower Health owns?

Tower purchased five hospitals in the region from Community Health Systems back in Oct. 2017: Phoenixville Hospital, Pottstown Memorial Medical Center, Brandywine Hospital in Coatesville, Chestnut Hospital in Philadelphia, and Jennersville Regional Hospital in West Grove. Be respectful. This is a space for friendly local discussions.

Why was Tower Health sold to Chester County?

That's because Tower, just three years after paying $423 million for the three Chester County facilities plus Pottstown and Chestnut Hill Hospitals, is considering selling them in a bid to recover from an unsustainable debt load and massive losses that started even before the coronavirus pandemic slammed the health-care industry.

Who is the CEO of Tower Health in Reading PA?

Clint Matthews, Tower Health's president and CEO, announces a partnership with Drexel University. WEST READING, Pa. - Berks County's largest healthcare provider suddenly has a new leader.

What did Tower Health close in Pottstown PA?

In addition to the cuts, Tower has also closed several of its services, including the Pottstown Hospital Maternity Unit, the Coventry Foot and Ankle center, Premier GYN in Limerick, and behavioral health services at Reading Hospital. "Potential additional future actions may be taken" as well, Tower noted in their announcement June 16.

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