Tower Health Ratings Down

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

(4 days ago) The three-notch downgrade to 'CCC+' reflects Tower's ongoing significant financial losses in fiscal 2022 (unaudited YE results through June 30, 2022), with an operating loss of $195 million, or a negative 1.8% operating EBITDA margin. Tower Health's unrestricted liquidity position is also rapidly weakening, falling to … See more

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

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Tower Health suffers rating downgrade as it strives to recover

(8 days ago) WEBFitch Ratings downgraded Tower Health’s credit rating this week, citing concerns about the Pennsylvania hospital system’s continued financial losses. Tower …

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

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S&P downgraded Tower Health’s credit rating, citing …

(8 days ago) WEBStandard & Poor’s downgraded Tower Health’s credit rating Tuesday to CCC from CCC+, citing Tower’s low financial reserves and concerns that Tower might not have the …

https://www.msn.com/en-us/money/markets/s-p-downgraded-tower-health-s-credit-rating-citing-concern-about-bonds-due-in-february/ar-BB1mQ3oe

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

(6 days ago) WEBMEDIA CONTACTS. Sandro Scenga. New York. +1 212 908 0278. [email protected]. Fitch Ratings-Austin-19 September 2023: Fitch …

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

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Tower Health gets another big credit rating downgrade …

(3 days ago) WEBPublished Sep. 20, 2022, 12:15 p.m. ET. Fitch Ratings Tuesday slashed Tower Health’s credit rating to the “exceptionally rare” level of ‘CCC+,’ asserting “that Tower’s pathway to financial stability is much more …

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

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Tower Health, reeling from losses, receives a three-notch …

(1 days ago) WEBPublished Mar. 1, 2021, 6:19 p.m. ET. Tower Health on Monday received a massive three-notch credit downgrade from Fitch Ratings, which cited average monthly losses of $14 …

https://www.inquirer.com/business/health/tower-health-downgrade-junk-bond-fitch-ratings-20210301.html

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Tower Health's 'diminished financial flexibility' cited in …

(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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S&P downgraded Tower Health's credit rating by two …

(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 …

https://www.inquirer.com/business/health/tower-health-credit-downgrade-sp-operating-losses-dcoh-20230208.html

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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 bond rating downgraded by S&P over …

(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.

https://www.bizjournals.com/philadelphia/news/2023/02/08/tower-health-s-p-bond-rating-downgrade-reading-bb.html

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Tower Health - S&P Global Ratings

(Just Now) WEBTower Health, PA Debt Rating Lowered Three Notches To 'BB+' On Weakened Financial Profile And Inadequate Coverage. SAN FRANCISCO (S&P Global Ratings) Oct. 30, …

https://disclosure.spglobal.com/ratings/en/regulatory/instrument-details/sectorCode/PUBFIN/entityId/5938/issueId/1603125

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46 hospitals, health systems hit with ratings downgrades

(6 days ago) WEB12. Tower Health (West Reading, Pa.): Tower Health was downgraded from "CCC+" to "CCC" amid ongoing financial losses, Fitch said Sept. 19. 13. Children's …

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

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Tower Health’s financial condition called ‘precarious’ in credit

(Just Now) WEBTwo major credit-ratings agencies slammed Tower Health with downgrades to “junk” bond status Friday, declaring that the nonprofit owner of seven Philadelphia …

https://www.inquirer.com/business/health/tower-health-losses-credit-downgrades-covid-19-sp-fitch-20201031.html

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

(5 days ago) WEBEmail. West 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 …

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

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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 …

https://www.beckershospitalreview.com/finance/tower-health-rejects-4th-purchase-offer-im-not-sure-what-theyre-thinking-stonebridge-ceo-says.html

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MyTowerHealth - Login Page

(4 days ago) WEBSchedule your next appointment, or view details of your past and upcoming appointments. Manage your account. View transactions, update your phone/address, update …

https://www.mytowerhealth.org/mytowerhealth/Authentication/Login

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Tower Health gets a slight boost from Fitch Ratings - Inquirer.com

(6 days ago) WEBFitch Ratings on Thursday said Tower Health’s prospects had improved slightly now that management of the Berks County nonprofit had started taking steps to …

https://www.inquirer.com/business/health/tower-health-outlook-stable-fitch-ratings-20211022.html

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Tower Health (PA) Credit Ratings :: Fitch Ratings

(5 days ago) WEBFitch Affirms Tower Health (PA) Long-Term Ratings at 'B+'; Outlook Revised to Stable. Rating Action Commentary / Mon 01 Mar, 2021. Fitch Downgrades Tower Health, PA …

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

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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/

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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

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