Tower Health was also hit with a three-notch credit downgrade by Fitch Ratings in March, reflecting significant ongoing financial losses from the COVID-19 pandemic and operational challenges following the 2017 acquisition of five hospitals. Tower Health's operating losses have neared $600 million. Tower Health slices its financial losses by more than 50 in the first half of fiscal 2022, but its financial struggles are far from over with just one profitable hospital and 1.3 billion in debt. Tower Health has been looking for a "like-minded" suitor to purchase the health system and help it improve its finances for months. Patients 17 years of age and under must be accompanied. The move will affect about 200 physicians and staff. New User Accessing your COVID Vaccination QR Code from MyTowerHealth Mask Reminder for Appointments. The news comes a few days after Tower Health announced it would restructure and consolidate its medical group to improve its finances. Post also said that bond holders and creditors should get publicly involved to help save the hospitals and their investments. Security: Tower Health (PA) / General Revenues Issuer: Berks County Industrial Development Authority (PA) Bond: (Tower Health Project) health sys rev bonds. As it stands now, bond holders and creditors have not taken a public stand in trying to save these hospitals." "We would want to get the creditors and bondholders involved in these discussions because they can put pressure on Tower. "If these hospitals close or staffing is reduced what would happen would be catastrophic for the communities they serve," Mr. Post argues the services could improve the finances of the three hospitals. The services being pitched are child care, elder care and wellness programs. Tower Health is an online Natural Health Company offering worldwide products from Paingone for pain relief with Tens and Circulation Devices, Gels. The attorney, Barton Post, said he is working with the Chester County Medical Society and the Pennsylvania Medical Society to develop a model that would incorporate new services into the hospitals under a nonprofit umbrella.
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