Tower Health Philadelphia Inquirer

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Tower Health financial losses continue - Inquirer.com

(2 days ago) WebTower’s revenue in the year ended June 30 was $2.17 billion, down slightly from $2.19 billion the previous year. Its operating loss was $195 million, down from $244 …

https://www.inquirer.com/business/health/tower-health-finances-earnings-reading-hospital-20220823.html

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Tower Health takes a scalpel to its doctors group

(8 days ago) WebThe Tower Health Medical Group, which employs 890 doctors, including medical residents, had an operating loss of nearly $250 million on $206 million in revenue in the 12 months ended June 30, …

https://www.inquirer.com/business/health/tower-health-job-cuts-doctors-medical-group-20210510.html

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Tower Health and Drexel University are recruiting additional …

(4 days ago) WebPublished Apr. 8, 2022, 5:05 a.m. ET. Tower Health’s desire to cut its losses from St. Christopher’s Hospital for Children, which it co-owns with Drexel University, reached a …

https://www.inquirer.com/business/health/st-christophers-tower-drexel-owners-indpendence-temple-jefferson-pcom-20220408.html

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Tower Health edges close to Chestnut Hill Hospital sale to Temple

(6 days ago) WebPublished Nov. 2, 2022, 8:50 a.m. ET. Temple University Health System and its partners have agreed to pay financially beleaguered Tower Health $28 million for Chestnut Hill …

https://www.inquirer.com/business/health/tower-health-selling-chestnut-hill-hospital-temple-28-million-20221102.html

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Tower Health lost millions on its urgent care centers and says

(8 days ago) WebFive years ago, Tower Health paid $24 million for 19 urgent care centers, mostly in Southeastern Pennsylvania, as part of its expansion from Berks County into the …

https://www.msn.com/en-us/money/other/tower-health-lost-millions-on-its-urgent-care-centers-and-says-its-29-million-stake-in-st-chris-has-no-value/ar-AA1kCOXJ

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Tower Health posts a huge loss for fiscal 2020

(2 days ago) WebTower’s financials show a $51 million write-down on the North Philadelphia safety-net hospital. Tower said last month that it planned to close Jennersville Hospital in West Grove on Jan. 1 and had …

https://www.inquirer.com/business/health/tower-health-loss-annual-st-chris-brandywine-jennersville-20211027.html

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Tower Health and its Philly area hospitals are for sale. Is anyone

(2 days ago) Webby Harold Brubaker. Published Mar. 29, 2021, 5:09 a.m. ET. Tower Health, which has six hospitals in the Philadelphia area, is looking for a bigger nonprofit to lift it …

https://www.inquirer.com/business/health/tower-health-looking-partner-upmc-penn-medicine-jefferson-20210329.html

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Tower Health’s plans were small before expanding big …

(9 days ago) WebTower Health’s plans were small before expanding big-time into the Philly area. The strategy in early 2016 — reinforced by McKinsey & Co. consultants later that year — was to form partnerships that would …

https://www.inquirer.com/business/health/tower-health-plans-hospitals-sale-bids-drexel-mckinsey-20210428.html

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Chestnut Hill Hospital joins Temple Health - WHYY

(9 days ago) WebThe sale cleared the hospital’s multi-million-dollar debt under Tower Health, as reported by the Philadelphia Inquirer. “We needed power in the marketplace, as many small hospitals are struggling across …

https://whyy.org/articles/philadelphia-chestnut-hill-hospital-reopens-new-temple-health-leadership-ownership/

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

(7 days ago) WebTower Health, the owner of three hospitals in the Philadelphia region, posted an operating deficit of $192.9 million for the year that ended June 30. An …

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

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Tower Health writes off $370M in losses: 9 details - Becker's …

(9 days ago) WebTower Health told the Philadelphia Inquirer that the write-down "does not impact cash on hand or our ability to meet any financial obligations." 5. Tower reported a …

https://www.beckershospitalreview.com/finance/tower-health-writes-off-370m-in-losses-9-details.html

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Tower Health announces it’s pursuing a ‘strategic alliance’ with …

(5 days ago) WebIn addition to anchor Reading Hospital in West Reading, Tower operates six hospitals in the Philadelphia region, including the five it bought from the Franklin, Tenn. …

https://www.timesherald.com/2021/07/30/tower-health-announces-its-pursuing-a-strategic-alliance-with-penn-medicine/

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

(2 days ago) WebTower sold the Philadelphia hospital on Jan. 1. Excluding Chestnut Hill, Tower reported a 1.9% increase in hospital admissions, a 3.4% increase in inpatient …

https://www.msn.com/en-us/money/companies/tower-healths-cash-reserves-fell-by-dollar54-million-over-the-summer/ar-AA1jFmuE

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Tower Health laid off 30 people on Tuesday - MSN

(2 days ago) WebThose layoffs amounted to 13% of Tower’s corporate management staff of about 400 people. ©2023 The Philadelphia Inquirer. Visit inquirer.com. Distributed by Tribune …

https://www.msn.com/en-us/money/other/tower-health-laid-off-30-people-on-tuesday/ar-AA1l3lav

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Chair of heart surgery leaving Jefferson for Tower, trading - MSN

(2 days ago) WebTower, like many health systems in the Philadelphia region, reported losses and low cash reserves last year. Morris said he discussed the system’s finances with Tower …

https://www.msn.com/en-us/health/other/chair-of-heart-surgery-leaving-jefferson-for-tower-trading-prestige-for-the-ability-to-have-an-impact/ar-BB1ie667

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Tower Health Plans To Keep Phoenixville Hospital Open: Philly.com …

(5 days ago) WebThe Inquirer reported that the hospital has enough cash to keep running for just 54 days without any new revenue. Tower Health, headquartered in West Reading, …

https://patch.com/pennsylvania/phoenixville/tower-health-plans-keep-phoenixville-hospital-open-philly-com

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Tower Health's plans were small before expanding big-time into …

(5 days ago) Webfinance. healthcare access. revenue. The strategy in early 2016 — reinforced by McKinsey & Co. consultants later that year — was to form partnerships that would …

https://www.healthleadersmedia.com/strategy/tower-healths-plans-were-small-expanding-big-time-philly-area

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Pennsylvania hospitals struggle to meet the needs of mental …

(8 days ago) WebPublished Apr. 22, 2024, 5:00 a.m. ET. A patient died on the floor of a behavioral health unit at the Hospital of the University of Pennsylvania ’s Cedar Avenue …

https://www.inquirer.com/health/pennsylvania-hospital-violations-mental-health-substance-abuse-20240422.html

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Tower Health Tower Health

(5 days ago) WebFebruary 6, 2024 - With firearms remaining the leading cause of injury and death in children, the nation’s largest regional collaboration of health systems, representing 59 hospitals in …

https://towerhealth.org/articles/tower-health

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Tower Health cuts 100 non-clinical and management jobs

(Just Now) WebBack in 2020, Tower Health, citing the adverse financial impact of Covid-19 on the health system, cut about 1,000 jobs and closed the maternity unit at Pottstown …

https://www.bizjournals.com/philadelphia/news/2023/04/13/tower-health-berks-county-layoffs-jobs-hospitals.html

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Philly Inquirer Reports on Tower Health's Impressive Healthcare

(2 days ago) WebPhilly Inquirer Tower Health is committed to the health and well-being of its patients. The healthcare system provides an extensive range of services, including primary care, …

https://www.healthinquire.com/2023/10/philly-inquirer-reports-on-tower-health.html

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Philadelphia Inquirer and Tower Health Partnership: …

(1 days ago) WebWhat is Philadelphia Inquirer Tower Health? Philadelphia Inquirer Tower Health is a hospital system that has undergone several mergers in recent years. The organization …

https://www.healthinquire.com/2023/09/philadelphia-inquirer-and-tower-health.html

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Discover the Latest Insights on Tower Health - Read Philadelphia

(6 days ago) WebTower Health Philadelphia Inquirer is a renowned healthcare system providing premium medical care services to patients across southeastern Pennsylvania. Comprising several …

https://www.healthinquire.com/2023/06/discover-latest-insights-on-tower.html

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Breaking News: Philadelphia Inquirer Reveals Groundbreaking …

(8 days ago) WebThe Tower Health Acquisition of Philadelphia Inquirer – Pros, Cons and Benefits. Recently, there has been a lot of buzz about the acquisition of Philadelphia Inquirer by …

https://www.healthinquire.com/2023/10/breaking-news-philadelphia-inquirer.html

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Luxury penthouse market in Philadelphia starting strong in 2024

(2 days ago) WebAgents who sell Philadelphia's most expensive penthouses said that after a lackluster 2023, the city's high-end luxury market in the first few months of 2024 has …

https://www.inquirer.com/real-estate/housing/luxury-high-end-apartment-real-estate-sales-20240423.html

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Demolition in Rittenhouse Square begins to make way for high …

(8 days ago) WebPearl Properties is beginning demolition at 19th and Sansom Streets to make way for a slender 50- to 54-story residential tower a block from Rittenhouse Square. The …

https://www.inquirer.com/real-estate/housing/pearl-properties-rittenhouse-square-harper-square-high-rise-20240417.html

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The Philadelphia Sheriff's Office spent thousands in public money …

(8 days ago) WebIn Philadelphia, much of it goes to an off-budget discretionary fund maintained by the Sheriff’s Office, with little oversight from City Hall over how it’s spent. $9,250 for a …

https://www.inquirer.com/news/sheriffs-office-spending-off-budget-spending-20240422.html

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Philly Office of Homeless Services had 'deliberate' overspending

(7 days ago) WebPublished Apr. 22, 2024, 10:31 a.m. ET. Leaders of the office tasked with sheltering Philadelphia’s homeless “knowingly” overspent millions of dollars in taxpayer …

https://www.inquirer.com/politics/philadelphia/office-homeless-services-investigation-results-20240422.html

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Walgreens to pay Philadelphia $110M to settle a lawsuit over its …

(3 days ago) WebPublished Apr. 19, 2024, 4:47 p.m. ET. Philadelphia will receive $110 million over five years to settle its lawsuit against Walgreens over the national pharmacy’s role …

https://www.inquirer.com/health/walgreens-philadelphia-settlement-opioid-crisis-20240419.html

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Eugene DePasquale in the Democratic primary for attorney …

(6 days ago) WebThe Inquirer endorses Eugene DePasquale for attorney general in the Democratic primary. DePasquale, 52, was born in Pittsburgh and now lives in York …

https://www.inquirer.com/opinion/editorials/attorney-general-democratic-primary-2024-eugene-depasquale-20240411.html

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Ex-Cop Pleads Guilty to Third-Degree Murder of 12-Year-Old Boy

(3 days ago) WebPublished on April 20, 2024 07:28PM EDT. The scene of the shooting in Philadelphia on March 1, 2022. Photo: Tom Gralish/The Philadelphia Inquirer via AP, …

https://people.com/ex-cop-pleads-guilty-third-degree-murder-12-year-old-boy-8636556

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Ex-Philadelphia police officer pleads guilty in shooting death of 12

(3 days ago) WebUpdated 3:32 PM PDT, April 19, 2024. PHILADELPHIA (AP) — A fired Philadelphia police officer pleaded guilty Friday to murder in the shooting of a fleeing 12 …

https://apnews.com/article/fired-philadelphia-police-shooting-boy-dead-7693a6c7fc87cd7ada08de03998d909d

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Will Philadelphia Eagles make another first-round trade in 2024 …

(8 days ago) WebPHILADELPHIA (CBS) - Philadelphia Eagles general manager Howie Roseman is no stranger to wheeling and dealing on draft night, and during the first round …

https://www.cbsnews.com/philadelphia/news/nfl-draft-2024-philadelphia-eagles-howie-roseman-trades/

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At least three people shot at Philadelphia Eid al-Fitr event, police

(9 days ago) WebUpdated 5:30 PM PDT, April 10, 2024. PHILADELPHIA (AP) — A joyful celebration of the end of Ramadan devolved into panic Wednesday in Philadelphia after …

https://apnews.com/article/philadelphia-shooting-ramadan-3b0b47dcdc49a5d7b9604d5aae87beb3

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