Tower Health Bonds News
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Fitch Downgrades Tower Health, PA's Long-Term Ratings to 'CCC'
(4 days ago) WEB--The Berks County Municipal Authority fixed rate revenue put bonds series 2020B-3;--Tower Health taxable fixed rate revenue bonds series 2020. Fitch does not …
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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
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Tower Health's days cash on hand dropped again, as finances …
(3 days ago) WEBTower’s cash reserves had dwindled to $202 million on March 31, down 45%, from the end of last June. That left the Berks County organization, anchored by …
https://www.inquirer.com/news/tower-health-financial-results-cash-reserves-down-20230526.html
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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
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S&P downgraded Tower Health's credit rating by two notches to 'B'
(9 days ago) WEBTower Health plans to continue operating Phoenixville Hospital, as well as Pottstown, and Reading Hospitals, after selling or closing three of the hospitals it bought …
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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 …
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Tower Health bond rating downgraded by S&P over 'significant …
(1 days ago) WEBIn fiscal 2022, the health system said it cut its operating loss by 20% to $195 million, down from a loss of $243.5 million the previous year.
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Tower Health suffers rating downgrade as it strives to recover
(8 days ago) WEBIn 2017, the Reading Health System, anchored by Reading Hospital, acquired five hospitals in the Philadelphia area and formed the Tower Health …
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Fitch downgrades Pennsylvania's Tower Health Bond Buyer
(4 days ago) WEBThe last time Tower came to the bond market for financing was in 2020 when it sold $264.5 million of fix-rated revenue bonds through the Berks County …
https://www.bondbuyer.com/news/fitch-downgrades-pennsylvanias-tower-health
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Tower Health’s Turnaround Hits Snag With Failed Hospital Sale
(2 days ago) WEBTroubled Pennsylvania hospital chain Tower Health is eyeing a turnaround after struggling even before the pandemic hit. It is essentially undoing the ill-fated 2017 …
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Tower Health's rapid expansion sends its finances into a tailspin
(5 days ago) WEBTower, which was known as Reading Health System prior to the 2017 transaction, had $1.3 billion of long-term debt outstanding on June 30, 2020, according …
https://www.bondbuyer.com/news/tower-healths-rapid-expansion-sends-its-finances-into-a-tailspin
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Tower Health cuts operating losses to $141.9M, targets …
(5 days ago) WEBWest Reading, Pa.-based Tower Health, a three-hospital system, reduced its operating deficit by more than $70 million to $141.9 million in fiscal year 2023 and aims …
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Tower Health, reeling from losses, receives a three-notch credit
(1 days ago) WEBSupport local news. Sign out. Tower Health on Monday received a massive three-notch credit downgrade from Fitch Ratings, which cited average monthly …
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Tower Health’s cash reserves fell by $54 million over the summer
(7 days ago) WEBTower Health reported a smaller operating loss over the summer, compared to last year, but its cash reserves continued a yearslong decline. Tower had $154 million …
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Tower Health cuts losses but remains under 'heavy load' of debt
(9 days ago) WEBTower reported its fiscal performance in bond documents filed late Monday afternoon, showing total revenue dipped by 0.7% to $2.17 billion in fiscal 2022 from …
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Tower Health rejects 4th purchase offer; 'I'm not sure what they're
(4 days ago) WEBTower Health initially turned down a $675 million offer from StoneBridge in November 2022. In partnership with Allentown, Pa.-based Lehigh Valley Health …
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Tower Health and Penn Medicine no longer pursuing alliance
(5 days ago) WEBThe alliance came as Tower Health faced falling revenue and lowered bond ratings. Then, this past November, Tower Health eliminated roughly 13 percent of its …
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Harris Health to start $1B expansion with massive bond funding
(4 days ago) WEBThe 12-story expansion will be funded with a $2.5 billion bond that Harris County voters approved in November to rebuild and upgrade Harris Health’s facilities. …
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Community Health Center Association of CT partners with Baby …
(5 days ago) WEBislandernews.com 104 Crandon Boulevard, Suite 301 Key Biscayne, FL 33149 Phone: (305) 361-3333 Email: [email protected]
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Bond markets face struggle to surf 'Treasury tsunami' Reuters
(9 days ago) WEBReuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events …
https://www.reuters.com/markets/europe/bond-markets-face-struggle-surf-treasury-tsunami-2024-05-01/
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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
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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.
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Newsom announces first $3.3 billion from Prop. 1 mental health …
(5 days ago) WEBGov. Gavin Newsom, speaking on Tuesday, May 14, 2024, at the Cordilleras County Mental Health Facility in Redwood City, Calif., announces that $3.3 billion from …
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Tax-Exempt Bonds Will Fuel Beth Israel Lahey Health Upgrades
(7 days ago) WEBOne of the state's largest health care providers will finance an array of projects across its campuses with $400 million in tax-exempt bonds issued by the state's …
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