Philadelphia Inquirer And Tower Health

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Tower Health lost millions on its urgent care centers and …

(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's days cash on hand dropped again, as

(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

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Tower Health and Drexel University are recruiting …

(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 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 its Philly area hospitals are for sale. Is …

(2 days ago) WEBIn the last 18 months, Tower’s operating losses have approached $600 million at its seven hospitals, including St. Christopher’s Hospital for Children in …

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

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Former Tower Health CEO Clint Matthews’ push for more …

(3 days ago) WEBClint Matthews got a $405,000 bonus for a hospital deal that went sour. Clint Matthews was president and chief executive of Tower Health when it acquired five hospitals in 2017. At his peak with the …

https://www.inquirer.com/business/health/tower-health-ceo-clint-matthews-higher-pay-bonus-20211014.html

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Tower Health edges close to Chestnut Hill Hospital sale to …

(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'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. the owner of three hospitals in …

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

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From having a deal to shutting the doors: Tower Health plans

(8 days ago) WEBEarlier this year, Tower said it had lost $370 million on the hospitals it acquired, The Philadelphia Inquirer reported. Earlier this year, Tower Health replaced …

https://www.chiefhealthcareexecutive.com/view/from-having-a-deal-to-shutting-the-doors-tower-health-plans-to-close-two-hospitals

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Potential buyer emerges for the entire Tower Health system

(3 days ago) WEBThe Business Journal previously reported the Philadelphia region's two largest health systems — Jefferson Health and Penn Medicine — were not interested in …

https://www.bizjournals.com/philadelphia/news/2021/06/30/tower-health-acquisition-merger.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 …

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

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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

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Tower Health considers selling 6 hospitals as part of financial

(8 days ago) WEBEmail. As part of a financial turnaround plan, Tower Health will consider selling all six of its Philadelphia-area hospitals, according to The Philadelphia Inquirer. …

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 reaches deal to save 2 Pennsylvania hospitals

(7 days ago) WEBWest Reading, Pa.-based Tower Health has secured a new owner for two of its Pennsylvania hospitals, according to The Philadelphia Inquirer . Tower Health …

https://www.beckershospitalreview.com/hospital-transactions-and-valuation/tower-health-reaches-deal-to-save-2-pennsylvania-hospitals.html

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Penn Medicine, Tower Health drop strategic alliance: Reports

(4 days ago) WEBTower’s unrestricted cash dropped from $684.5 million on June 30, 2019 to $307.6 million on Sept. 31, 2022, the Inquirer reported. On Jan. 1, Tower sold Chestnut Hill Hospital …

https://www.chiefhealthcareexecutive.com/view/penn-medicine-tower-health-drop-strategic-alliance-reports

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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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Philadelphia Inquirer and Tower Health Partnership: …

(1 days ago) WEBPhiladelphia Inquirer Tower Health is a hospital system that has undergone several mergers in recent years. The organization was first formed when Brandywine Hospital …

https://www.healthinquire.com/2023/09/philadelphia-inquirer-and-tower-health.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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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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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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Philly woman charged with shooting teenage girl in head

(Just Now) WEBPublished Apr. 27, 2024, 6:13 p.m. ET. A 31-year-old Philadelphia woman has been charged with shooting a teenage girl in the head during a dispute, police said …

https://www.inquirer.com/crime/philly-elmwood-sharnay-lewis-charged-teen-girl-shooting-20240427.html

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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-year-old boy, who …

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

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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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Philadelphia 76ers' Joel Embiid says he's being treated for Bell's

(3 days ago) WEBUpdated on: April 26, 2024 / 12:18 AM EDT / CBS Philadelphia. PHILADELPHIA (CBS) -- Philadelphia 76ers center Joel Embiid said after the team's …

https://www.cbsnews.com/philadelphia/news/joel-embiid-what-is-bells-palsy-philadelphia-76ers/

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

(8 days ago) WEBAmmo, DJs, a $9,000 mascot: Inside the Philly sheriff’s ‘slush fund’ spending. Hundreds of checks written by Sheriff Rochelle Bilal's office appear to violate the Home …

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

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Fulton Bank takes over Republic after Pa. declares Philly’s largest

(4 days ago) WEBPublished Apr. 27, 2024, 7:06 a.m. ET. Fulton Financial Corp. of Lancaster will roughly double its presence in the Philadelphia area by t aking over $4 billion in …

https://www.inquirer.com/business/republic-norcross-fulton-vernon-hill-20240427.html

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Pennsylvania primary election 2024: Results, updates on …

(Just Now) WEBState Rep. Malcolm Kenyatta wins Democratic race for auditor general. Malcolm Kenyatta, a Democratic state representative who represents North …

https://www.inquirer.com/politics/election/live/pennsylvania-primary-election-2024-results-candidates-ballot-updates-20240423.html

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Demolition in Rittenhouse Square begins to make way for high …

(8 days ago) WEBPublished Apr. 17, 2024, 10:08 a.m. ET. Pearl Properties is beginning demolition at 19th and Sansom Streets to make way for a slender 50- to 54-story residential tower a block …

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

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