Tower Health Ratings Down

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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 had a $142 million operating loss in 2023, which was down from $212 million in 2022. Read …

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

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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 credit

(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 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 B+, …

https://news.yahoo.com/tower-health-hit-another-bond-115800761.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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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 …

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

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Tower Health gets another credit rating downgrade from Fitch, to …

(2 days ago) WebFitch Ratings downgraded Tower Health’s credit rating to “CCC,” one of the agency’s lowest ratings, citing its continued operating losses in the year that ended June 30, and

https://www.msn.com/en-us/money/realestate/tower-health-gets-another-credit-rating-downgrade-from-fitch-to-ccc/ar-AA1h1aQR

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Tower Health bond rating downgraded by S&P over 'significant …

(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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Fitch Affirms Tower Health (PA) Long-Term Ratings at 'B+'; …

(5 days ago) WebThu 21 Oct, 2021 - 4:22 PM ET. Fitch Ratings - Austin - 21 Oct 2021: Fitch Ratings has affirmed Tower Health System's, PA (Tower Health) Long-Term Issuer Default Rating …

https://www.fitchratings.com/research/us-public-finance/fitch-affirms-tower-health-pa-long-term-ratings-at-b-outlook-revised-to-stable-21-10-2021

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Tower Health reported a $27 million operating loss for the first

(4 days ago) WebTower Health reported a $27.4 million operating loss for the nine months that ended March 31, compared to $122.8 million loss in the same period a year ago, the Berks County …

https://www.msn.com/en-us/money/companies/tower-health-reported-a-27-million-operating-loss-for-the-first-nine-months-of-fiscal-2024/ar-BB1mZSuz

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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 …

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

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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 Hospitals Recognized by U.S. News & World Report

(7 days ago) WebJuly 26, 2022. Reading Hospital has been recognized as a 2022-2023 Best Hospital by U.S. News & World Report. The hospital was ranked eighth in Pennsylvania and recognized …

https://towerhealth.org/articles/tower-health-hospitals-recognized-us-news-world-report

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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 2023 …

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

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

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Tower Health reduces loss to $16.6M for first half of fiscal 2024

(7 days ago) WebThe health system recorded a $19.1 million operating loss during the first quarter of fiscal 2024. Tower said it has also increased its cash-on-hand from 32 days …

https://www.bizjournals.com/philadelphia/news/2024/02/23/tower-health-berks-county-loss-debt-hospitals.html

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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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Grades are in for NJ hospitals. Here are patient safety scores

(Just Now) WebOf the 66 New Jersey hospitals that were graded, about 81% received A or B scores, up from 76% six months ago, when the state was ranked 13th in the nation for …

https://www.northjersey.com/story/news/health/2024/05/01/grades-nj-hospitals-patient-safety-scores-leapfrog/73469189007/

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Palisades Medical Center at Hackensack Meridian Health

(1 days ago) WebPalisades Medical Center at Hackensack Meridian Health 7600 River Road, North Bergen, NJ 07047-6217. Book Online 1-531-230-8330.

https://health.usnews.com/best-hospitals/area/nj/palisades-medical-center-6220425

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Napa Valley's Tarpon Cellars and Brendel Wines have shut down

(6 days ago) WebTarpon’s announcement followed another unexpected closing: Brendel Wines, which suddenly and quietly shut down its hip downtown Napa tasting room in February, …

https://www.sfchronicle.com/food/wine/article/tarpon-brendel-napa-closing-19464007.php

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1810 Harmon Cove Tower, Secaucus, NJ 07094 Redfin

(7 days ago) Web1504 sq. ft. condo located at 1810 Harmon Cove Tower, Secaucus, NJ 07094 sold for $348,000 on May 26, 2021. View sales history, tax history, home value estimates, and …

https://www.redfin.com/NJ/Secaucus/1810-Harmon-Cove-Tower-07094/home/36606271

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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-for …

https://www.inquirer.com/news/tower-health-financial-results-cash-reserves-down-20230526.html

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Why knock down all public housing towers when retrofit can …

(3 days ago) WebPublished: May 23, 2024 4:13pm EDT. X (Twitter) The Victorian government is planning Australia’s largest urban renewal project. The plan is to knock down and rebuild …

https://theconversation.com/why-knock-down-all-public-housing-towers-when-retrofit-can-sometimes-be-better-229186

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