Is Tower Health Bonds Down

Listing Websites about Is Tower Health Bonds Down

Filter Type:

Fitch Downgrades Tower Health, PA's Long-Term Ratings to 'CCC+'

(4 days ago) Fitch Ratings - Austin - 20 Sep 2022: Fitch Ratings has downgraded Tower Health System's, PA (Tower) Long-Term Issuer Default Rating (IDR) to 'CCC+' from 'B+'. Fitch has also downgraded the following bonds issued by, or on behalf of, Tower to 'CCC+' from 'B+': --The Berks County Municipal Authority (Reading … See more

https://www.fitchratings.com/research/us-public-finance/fitch-downgrades-tower-health-pa-long-term-ratings-to-ccc-20-09-2022

Category:  Health Show Health

Tower Health's 'diminished financial flexibility' cited in bond rating

(Just Now) WEBTower Health's debt obligations dropped slightly from $1.28 billion at the start of fiscal 2023 to just under $1.27 billion as of June 30. In a statement provided to …

https://www.bizjournals.com/philadelphia/news/2023/10/17/tower-health-hospitals-bond-rating-downgrade-s-p.html

Category:  Health Show Health

Tower Health hit with another bond downgrade - Yahoo News

(7 days ago) WEBMar. 2—Tower Health has been hit with another bond downgrade as its losses continue. On Monday, Fitch Ratings Inc. downgraded the West Reading-based health system to …

https://news.yahoo.com/tower-health-hit-another-bond-115800761.html

Category:  Health Show Health

Tower Health writes off $370 million in losses but finances improving

(5 days ago) WEBTower Health bonds downgraded by S&P. Tower CEO to step down. Tower Health executives to take pay cuts. Tower Health might sell off hospitals in …

https://news.yahoo.com/tower-health-writes-off-370-044800019.html

Category:  Health Show Health

Tower Health gets another big credit rating downgrade …

(3 days ago) WEBTower, a nonprofit health system based in West Reading, Berks County, has recorded operating losses of $854 million over the last three years, according to Fitch, after a rapid, money-losing expansion …

https://www.inquirer.com/news/tower-health-fitch-downgrade-ccc-losses-cash-burn-20220920.html

Category:  Health Show Health

Tower Health's days cash on hand dropped again, as finances …

(3 days ago) WEBby Harold Brubaker. Published May 26, 2023, 4:38 p.m. ET. Tower Health’s finances took another turn for the worse in the nine months through March, as the not …

https://www.inquirer.com/news/tower-health-financial-results-cash-reserves-down-20230526.html

Category:  Health Show Health

Fitch Downgrades Tower Health's (PA) Outstanding Bonds to 'BB+

(1 days ago) WEBFitch Ratings - Austin - 30 Oct 2020: Fitch Ratings has downgraded its long-term rating two notches on Tower Health System, PA (Tower) to 'BB+' from 'BBB'. In …

https://www.fitchratings.com/research/us-public-finance/fitch-downgrades-tower-health-pa-outstanding-bonds-to-bb-outlook-revised-to-negative-30-10-2020

Category:  Health Show Health

Tower Health faces critical choices in the coming weeks, months

(3 days ago) WEB— Tower Health bonds downgraded by S&P — Tower Health, hit by another credit downgrade, looks for a buyer — Tower CEO to step down — Tower …

https://news.yahoo.com/tower-health-faces-critical-choices-162800250.html

Category:  Health Show Health

Tower Health cuts losses but remains under 'heavy load' of debt

(9 days ago) WEBBerks County-based Tower Health reported a net operating loss of just under $195 million for its fiscal year that ended June 30, down from a loss of $243.5 …

https://www.bizjournals.com/philadelphia/news/2022/08/22/tower-health-fiscal-2022-berks-county-hospitals.html

Category:  Health Show Health

Tower Health financial results improved, but remained in the red …

(9 days ago) WEBThe health system got into financial trouble after going into debt in 2017 to buy five financially struggling community hospitals in Southeastern Pennsylvania from …

https://www.inquirer.com/health/tower-health-financiall-results-2023-141-million-loss-20230830.html

Category:  Health Show Health

Tower Health cuts financial losses, but it still only has one

(Just Now) WEBThat loss figure, disclosed in bond documents filed by Tower Health this week, represents a 56% drop from the $148.8 million deficit the health system reported …

https://www.bizjournals.com/philadelphia/news/2022/03/03/tower-health-hospitals-deficit-injunction-losses.html

Category:  Health Show Health

Tower Health’s cash reserves fell by $54 million over the summer

(7 days ago) WEBTower had $154 million in unrestricted cash on Sept. 30, down $54 million from June 30. The nonprofit health system, anchored by Reading Hospital in West …

https://www.msn.com/en-us/money/companies/tower-health-s-cash-reserves-fell-by-54-million-over-the-summer/ar-AA1jFmuE

Category:  Health Show Health

Fitch downgrades Pennsylvania's Tower Health Bond Buyer

(4 days ago) WEBSeptember 21, 2023, 12:42 p.m. EDT 2 Min Read. Fitch Ratings downgraded Pennsylvania's Tower Health Systems after the non-profit regional healthcare system …

https://www.bondbuyer.com/news/fitch-downgrades-pennsylvanias-tower-health

Category:  Health Show Health

Fitch Downgrades Tower Health, PA's Long-Term Ratings to 'CCC'

(4 days ago) WEBFitch Ratings - Austin - 19 Sep 2023: Fitch Ratings has downgraded Tower Health System's, PA (Tower) Long-Term Issuer Default Rating (IDR) to 'CCC' from …

https://www.fitchratings.com/research/us-public-finance/fitch-downgrades-tower-health-pa-long-term-ratings-to-ccc-19-09-2023

Category:  Health Show Health

Tower Health’s Turnaround Hits Snag With Failed Hospital Sale

(2 days ago) WEB3:32. Troubled Pennsylvania hospital chain Tower Health is eyeing a turnaround after struggling even before the pandemic hit. It is essentially undoing the ill …

https://www.bloomberg.com/news/articles/2024-01-31/tower-health-s-turnaround-hits-snag-with-failed-hospital-sale

Category:  Health Show Health

Tower Health suffers rating downgrade as it strives to recover

(8 days ago) WEBTower Health reported $1.9 billion in revenue in the 2023 fiscal year. Tower had a $142 million operating loss in 2023, which was down from $212 million in 2022. …

https://www.chiefhealthcareexecutive.com/view/tower-health-suffers-rating-downgrade-as-it-strives-to-recover

Category:  Health Show Health

Tower Health cuts operating losses to $141.9M, targets …

(5 days ago) WEBAlan Condon - Wednesday, September 6th, 2023. West Reading, Pa.-based Tower Health, a three-hospital system, reduced its operating deficit by more than $70 …

https://www.beckershospitalreview.com/finance/tower-health-cuts-operating-losses-to-141-9m-targets-profitability-in-2024.html

Category:  Health Show Health

Fitch Affirms Tower Health (PA) Long-Term Ratings at 'B+'; …

(5 days ago) WEBThe bonds are secured by a pledge of gross revenues of the obligated group (OG). The OG consists of Tower Health, Reading Hospital and the five acquired …

https://www.fitchratings.com/research/us-public-finance/fitch-affirms-tower-health-pa-long-term-ratings-at-b-outlook-revised-to-stable-21-10-2021

Category:  Health Show Health

46 hospitals, health systems hit with ratings downgrades

(6 days ago) WEBTower Health (West Reading, Pa.): Tower Health was hit with a rating downgrade on its bonds in February, according to S&P Global, which revised the …

https://www.beckershospitalreview.com/finance/23-hospitals-health-systems-hit-with-ratings-downgrades-this-year.html

Category:  Health Show Health

Tower Health fights for its tax-exempt status, and local …

(8 days ago) WEBTower Health bonds downgraded by S&P. Tower CEO to step down. Tower Health executives to take pay cuts. Tower Health might sell off hospitals in …

https://news.yahoo.com/tower-health-fights-tax-exempt-114800798.html

Category:  Health Show Health

Homepage Tower Health

(4 days ago) WEBRequest an Appointment. Pay My Bill. Urgent Care & Emergency LocationsVirtual Care. Manage your care, Anywhere. With the MyTowerHealth patient portal, you can talk to …

https://towerhealth.org/

Category:  Health Show Health

Tiny Telehealth Stock Sinks 85% as Wild IPO Rally Collapses

(9 days ago) WEBThe Singaporean telehealth provider Mobile-Health Network Solutions, once the top-performing US IPO this year, tumbled below its IPO price for the first time since …

https://www.bloomberg.com/news/articles/2024-05-03/tiny-telehealth-stock-sinks-85-as-wild-ipo-rally-collapses

Category:  Health Show Health

I Traveled With My Mother for a Month; It Was Difficult but …

(7 days ago) WEBTake it!" shouted my mother, throwing me her backpack. "We can use the rope inside to get to shore." We'd been exploring the Brough of Birsay, an island in …

https://www.businessinsider.com/traveled-son-mother-uk-month-difficult-rewarding-2024-5

Category:  Health Show Health

Tower Health's audited financials show operating loss for FY2023 …

(7 days ago) WEBTower Health's total revenue for fiscal 2023 dropped more than 13% to just under $1.86 billion from $2.16 billion the previous year. hospital admissions are down …

https://www.bizjournals.com/philadelphia/news/2023/11/27/tower-health-berks-hospitals-loss-fiscal-2023.html

Category:  Health Show Health

American Tower Corp raises annual revenue forecast on healthy …

(4 days ago) WEBAmerican Tower now expects full year 2024 total property revenue between $11.08 billion and $11.26 billion, up from its prior forecast of $11.05 billion to $11.23 billion.

https://www.reuters.com/business/media-telecom/american-tower-corp-raises-annual-revenue-forecast-healthy-telecom-spending-2024-04-30/

Category:  Health Show Health

Tower Health (PA) Credit Ratings :: Fitch Ratings

(5 days ago) WEBBond: (Tower Health Project) health sys rev bonds ser 2017 Series: 2017. 19-Sep-2023 CCC Downgrade Long Term Rating 19-Sep-2023 CCC Downgrade …

https://www.fitchratings.com/entity/tower-health-pa-credit-summary-96247218

Category:  Health Show Health

Former HAP headquarters being torn down to make way for …

(9 days ago) WEBDetroit — Demolition crews have started tearing down the former HAP headquarters on West Grand Boulevard to make way for a new patient tower as part of …

https://www.detroitnews.com/story/news/local/detroit-city/2024/05/09/former-hap-headquarters-being-torn-down-to-make-way-for-henry-ford-heath-patient-tower-detroit-mi/73627992007/

Category:  Health Show Health

Filter Type: