Who owns chestnut hill hospital

Despite spending large amounts of money on top-notch electronic health records designed to improve efficiency at its new community hospitals, Tower has so far made little progress in turning them around financially. Only Reading Hospital was profitable. There was a Feb. The system did not say whether any bids came in, but a lack of bids may be why the Tower board decided last week to look at possibilities for the entire system.

On Tuesday, Tower officials are scheduled to update investors on a conference call. Stonebridge early this year teamed up with the Lehigh Valley Health Network to make what turned out to be an unsuccessful bid for the entire Tower system.

Nemzoff declined to say whether his company still has any interest in any of Tower Health's hospitals or other assets. Join The Philadelphia Business Journal as we honor the top leaders in healthcare during the fight against Covid Please Sign In and use this article's on page print button to print this article.

Thursday, October 14, Register now. Related Content. Both Brandywine Hospital in Coatesville and St. Totally disruptive. Not to mention the employees. Tower Health said in a statement the deal will help the group strengthen their remaining hospitals. The hospitals and associated clinics, medical offices, specialized facilities, affiliated institutions, and foundations includes more than 9, employees, the system says on its website.

Woodward said in a news release. Their dedication and service will allow us to reach even more residents in the Delaware Valley with our quality and mission-based care. Why is Tower Health adding urgent care centers amid financial struggles? Tower Health consolidating physician practices, impacting nearly doctors and staff. A decade of change at Tower Health anchor, Reading Hospital. Tower CEO to step down.

Tower Health executives to take pay cuts. Rating agency says Reading Hospital is the only profitable part of Tower Health system.