Tower Health Debt Cuts
Listing Websites about Tower Health Debt Cuts
Tower Health reduces loss to $16.6M for first half of fiscal 2024
(7 days ago) WEBTower Health continued to cut its losses during the first six months of its current fiscal year as it works toward a goal of achieving profitability in 2024. It still has debt of more than $1 billion.
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Tower Health's audited financials show operating loss for FY2023 …
(7 days ago) 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. Across the system, Tower …
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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 writes off $370 million in losses but finances improving
(5 days ago) WEBA decade of change at Tower Health anchor, Reading Hospital. Tower Health bonds downgraded by S&P. Tower CEO to step down. Tower Health executives …
https://news.yahoo.com/tower-health-writes-off-370-044800019.html
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Tower Health's latest financial results show loss, little …
(8 days ago) WEBTower Health lost twice as much money during July, August, and September this year as it did during the same period in the year before. The loss would have been even greater if Tower had not …
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S&P downgraded Tower Health's credit rating by two notches to 'B'
(9 days ago) WEBPublished Feb. 8, 2023, 12:44 p.m. ET. Standard & Poor’s downgraded Tower Health’s credit rating by two notches, to “B” from “BB-,” citing the nonprofit health system’s …
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Fitch Downgrades Tower Health, PA's Long-Term Ratings to 'CCC'
(4 days ago) WEBTue 19 Sep, 2023 - 4:56 PM ET. Fitch Ratings - Austin - 19 Sep 2023: Fitch Ratings has downgraded Tower Health System's, PA (Tower) Long-Term Issuer Default Rating …
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DISTRESSED DAILY: Tower Health’s Cash Bleed Worsens Debt Ratios
(6 days ago) WEBKevin Simauchi. Tower Health is losing so much money that its cash-to-debt ratio -- a key measure of the company’s financial stability -- has fallen below 20%. …
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Tower Health’s Continuing Financial Struggle - DPC DATA
(8 days ago) WEBTower Health (Tower), one of the largest health systems in Pennsylvania, formerly known as the Reading Hospital Obligated Group, continues to struggle financially. such as …
https://www.dpcdata.com/resources/municredit-insights-tower-healths-continuing-financial-struggle/
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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 suffers rating downgrade as it strives to recover
(8 days ago) WEBTower continues to suffer from a “precipitously weak” cash-to-total debt ratio of 13.4%, Fitch says, estimating that the system has 39 days cash on hand. For …
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Tower Health takes a scalpel to its doctors group - Inquirer.com
(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 …
https://www.inquirer.com/business/health/tower-health-job-cuts-doctors-medical-group-20210510.html
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Palisades Medical Center Opens New Physical Rehabilitation …
(6 days ago) WEBJUNE 7, 2021 – NORTH BERGEN, NJ – The ribbon was cut today, officially opening a brand new facility for outpatient adult and pediatric rehabilitation services at …
https://hudpost.com/palisades-medical-center-opens-new-physical-rehabilitation-center/
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Charity Care- In Some States
(3 days ago) WEBcare and cut back pool support for bad debts (Massachusetts continued to cover emergency bad debt). New York continued to use pool funding for charity care and bad …
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Cullum Tower North Bergen NJ Public Housing
(9 days ago) WEB6299 Grand Avenue. NORTH BERGEN NJ, 07047. Contact Name: Mercy Orbe-Henao. Contact Phone: 201868860531. Details: Total Area: 2.93 Acres. Initial Occupancy …
https://housingapartments.org/rental_detail/47305
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Tower Health's 'diminished financial flexibility' cited in bond rating
(Just Now) WEBTower cut its operating deficit by more than $70 million in fiscal 2023 and said it expects to soon wash all the red ink off its books. Tower Health's debt …
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Tower Health cuts management pay amid COVID-19 losses
(3 days ago) WEBThe pay cuts come as Towers seeks to recover from steep financial losses caused in part by its expansion and the impact of the coronavirus pandemic. In …
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