Sue Perrotty, a retired bank executive, to lead the system.įaced with heavy debt, Tower has moved to shed some of its operations. Earlier this year, Tower said it had lost $370 million on the hospitals it acquired, The Philadelphia Inquirer reported.Įarlier this year, Tower Health replaced chief executive Clint Matthews, who pushed for the expansion and led the system for years. Tower paid $423 million for the hospitals but the move did not pan out financially. In 2017, the Reading Health System, anchored by Reading Hospital, acquired five hospitals in the Philadelphia area and formed the new organization called Tower Health. The plans to close the two hospitals comes as Tower has battled serious financial challenges following a costly expansion. Tower Health said it “will work with patients to transition care, and with employees and providers on placement into other positions." “The result of this incompetence is going to take emergency and acute care away from hundreds of thousands of people who have relied on it for their entire lives including Chester County's only city, Coatesville,” he said. They are laying off thousands of employees that have worked there for decades because they didn't know what they were doing,” Maxwell posted on Twitter. “This is a tragedy in management, these hospitals have existed for a combined 200 years serving one of the wealthiest per capita counties in the country. Both hospitals slated for closure are in Chester County. Josh Maxwell, a Chester County Commissioner, blasted Tower Health. Some local officials are seething over the plans to close the two hospitals. “Unfortunately, despite our understanding at the time the agreement was signed – and after multiple requests and extensions over the last three weeks – Canyon Atlantic Partners has ultimately not demonstrated the necessary regulatory and operational preparedness, nor validated its financial ability, to complete this transaction and operate these hospitals,” Tower stated.Īn attempt for comment from Canyon Atlantic wasn’t successful. “When we announced a definitive agreement for Canyon Atlantic Partners to acquire both hospitals, we believed we had finally found a solution that would preserve Brandywine and Jennersville as acute care hospitals,” Tower said in its statement Thursday. But Tower said Canyon Atlantic didn’t respond to Tower’s requests to close the deal. 22, Tower said it had an agreement with Canyon Atlantic Partners to acquire the two hospitals and expected to finish the deal fairly quickly. The announcement represented a remarkable reversal. Our responsibility to our patients, as well as employees and the communities served, is to ensure this transition included an effective and safe path for change,” Tower said in a statement. “We are deeply saddened by this turn of events, however, no viable options remain for the continued operation of these facilities. On Thursday, Tower said it would close Brandywine Hospital and Jennersville Hospital in the Philadelphia suburbs within the next several weeks. Now, the Pennsylvania-based system said it will be closing those two hospitals after the deal has dissolved. Parents and guardians interested in vaccinating their children are encouraged to call their child’s pediatrician to schedule an appointment.Tower Health thought it had an agreement to sell two of its hospitals. You can find vaccine distribution sites by searching. Tower Health encourages adult members of the community to explore options for receiving the vaccine and booster doses from sources including local pharmacies and community clinics. Vaccination is free, most people are eligible, and they are available in the community. The best way to protect yourself against COVID-19 is to get vaccinated. We will continue to ask you questions regarding potential COVID-19 exposure at registration as part of standard public health tracking. Patients and visitors are only asked to wear a mask if they are symptomatic for COVID-19 or other respiratory infections, as part of our routine precautions against any infectious disease. Tower Health no longer requires masks to be worn in our waiting areas, hallways, and clinical areas. View the latest information on COVID-19 from the CDC or PA Department of Health.
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