TTower Health is a large health system in the Philadelphia region that runs four acute-care hospitals, a rehabilitation center, a health sciences school, and a broad provider network with over 1,100 physicians across 130 locations. It delivers a full range of medical services, from prevention and screenings to advanced surgeries and rehabilitation, supported by more than 10,000 team members and about 1,200 beds. Its approach centers on coordinated care across its hospitals and network to meet patients’ needs in multiple locations. What sets Tower Health apart is its size, breadth, and recognition: its hospitals have earned national awards for advanced care in areas like neurosurgery, stroke, cardiac and vascular surgery, trauma, hematology, and oncology. The company’s goal is to provide high-quality care and improve access for its roughly 2.5 million residents, continually expanding services and education through its hospital network and health science programs.
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Company Size
1,001-5,000
Company Stage
Debt Financing
Total Funding
$142M
Headquarters
West Reading, PA
Founded
1867
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Tower Health turns profit as Phoenixville Hospital loses $10M. PHOENIXVILLE, PA - Tower Health recorded its first audited annual operating profit since its formation in 2017, but Phoenixville Hospital, the health system's only remaining acute-care hospital in Chester County, lost $10 million during the same period, according to financial results reported by the Philadelphia Business Journal. The health system generated an $8.5 million operating profit on $2.07 billion in revenue for the fiscal year ended June 30, 2026, reversing a $20.6 million operating loss in fiscal 2025. The turnaround was driven primarily by Reading Hospital, which generated $212.2 million in operating profit, offsetting substantial losses at Tower's suburban hospitals and physician-practice organization. Discover more Local news subscription Traffic updates service Weather alerts service The audited results provide the first individual operating-loss figure for Phoenixville Hospital following Tower's preliminary financial report in August, which showed an overall profit but did not detail the hospital's standalone performance. According to the Philadelphia Business Journal, Pottstown Hospital recorded a $36.7 million operating loss, while Tower Health Medical Group, the system's physician-practice organization, lost $160.4 million. Those losses underscore the financial challenges remaining within Tower despite its return to systemwide profitability. Reading Hospital's revenue increased 11% to $1.58 billion, up from approximately $1.42 billion a year earlier. Its financial performance was the principal contributor to the system's positive operating result. Tower's total revenue increased approximately 2%, from $2.03 billion in fiscal 2025 to $2.07 billion in fiscal 2026. The system attributed its improved financial position to expense reductions, restructuring at its suburban hospitals and increased revenue at Reading Hospital. Discover more Business news digest Community event calendar The $8.5 million operating profit represented an operating margin of approximately 0.4%, leaving the system's overall profitability narrow relative to its revenue. For Chester County, Phoenixville Hospital's $10 million loss is particularly significant because the facility remains Tower's only operating acute-care hospital in the county following the closures of Brandywine and Jennersville hospitals. Tower's preliminary August financial report showed that combined revenue at Phoenixville and Pottstown hospitals declined 8% during fiscal 2026, even as admissions at Phoenixville increased approximately 0.7%. The newly audited results establish that Phoenixville remained unprofitable during the fiscal year, despite the broader system's financial improvement. The Philadelphia Business Journal's reporting did not identify additional service reductions or staffing changes planned specifically for Phoenixville Hospital. The audited financial statements also carry significance because Tower's preliminary results for the previous fiscal year changed substantially during the auditing process. Tower initially reported a $5.9 million operating profit for fiscal 2025, but subsequent adjustments produced an audited operating loss of $20.6 million. The system attributed that reversal to increased medical-malpractice reserves and final adjustments involving patient accounts receivable. For fiscal 2026, the completed audit confirmed the $8.5 million operating profit Tower had preliminarily reported in August. The results mark a financial milestone for a health system that has undergone years of restructuring, hospital closures, asset sales and workforce reductions following its expansion in 2017. Pottstown Hospital remains another source of financial pressure. The hospital's $36.7 million operating loss comes amid a restructuring program that has significantly reduced staffing and services. Tower eliminated approximately 160 positions at Pottstown in July, representing roughly one-quarter of the hospital's workforce, following another 130 job eliminations in late 2025. The earlier restructuring included the closure of the hospital's intensive-care unit, a medical-surgical nursing unit, an outpatient cancer-infusion center and an outpatient endoscopy suite. Despite those reductions, Tower plans to invest more than $5 million in Pottstown's emergency and behavioral-health services. The financial results illustrate the different operating conditions across Tower's facilities, with Reading Hospital generating sufficient earnings to absorb losses elsewhere in the organization. Tower's restructuring follows an expansion that began in 2017, when Reading Health System acquired five hospitals from Community Health Systems and established Tower Health. Financial difficulties following that expansion contributed to the closures of Brandywine and Jennersville hospitals in Chester County. Jennersville was subsequently sold to ChristianaCare, while Chestnut Hill Hospital was sold to a consortium led by Temple University Health System. Tower is also continuing discussions with Jefferson Health about a potential clinical partnership involving specialty care and research. Both organizations have maintained that the proposed relationship would not constitute a merger or acquisition and would not change Tower's ownership, governance or daily operations. Separate discussions remain underway concerning a possible alliance involving St. Christopher's Hospital for Children, Jefferson Health, Temple University Health System and Nemours Children's Health. The St. Christopher's financial results were not included among the individual hospital operating figures detailed in the Philadelphia Business Journal's report. Tower's first audited annual operating profit demonstrates progress in its financial recovery, but the continued losses at Phoenixville and Pottstown hospitals show that profitability remains concentrated in Reading. For Chester County, the financial performance of Phoenixville Hospital remains an important measure of the health system's ability to sustain acute-care services in the region following its earlier hospital closures. For additional details on Tower Health's audited financial results and the operating performance of its hospitals, read the original reporting by John George in the Philadelphia Business Journal at https://www.bizjournals.com/philadelphia/news/2026/11/03/tower-health-profit-pottstown-phoenixville-2026.html. Support the local news that supports Chester County. 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Tower Health's Dr. Wei Du receives two leadership awards. Tower Health executive Dr. Wei Du won the Paul J. Fink Leadership Award and was named a Lehigh Valley Business ICON Honoree, the health system announced. 6h ago Wednesday, Oct 7 By East Montgomery Times Staff Reports Tower Health executive and educator Wei Du, MD, was awarded the Paul J. Fink Leadership Award from the Philadelphia Chapter of the Pennsylvania Psychiatric Society and named a Lehigh Valley Business ICON Honoree, according to Tower Health, which announced the honors Wednesday, Oct. 7. The Paul J. Fink Leadership Award is presented to a Philadelphia Chapter member who demonstrates psychiatric leadership through education, research, community engagement, and advocacy for all mental health consumers, according to Tower Health. The Lehigh Valley Business ICON Honors Award recognizes Greater Lehigh Valley business leaders over 60 who have left an indelible mark on their fields and whose integrity, vision, and selfless service have lifted the community, Tower Health said. At Tower Health, Du serves as Senior Vice President of Academic Affairs, Chief Academic Officer, Designated Institutional Official, and Medical Director for Behavioral Health Services. He also serves as a professor and Academic Chair of Psychiatry at Drexel University College of Medicine, according to Tower Health. "I am grateful to receive both the Paul J. Fink Leadership Award and the Lehigh Valley Business ICON Honors recognition," said Du. "I've been fortunate to dedicate my professional life to academic and medical areas that I am extremely passionate about, and I am grateful for the opportunity to continue to do so." "Dr. Du is a distinguished leader in behavioral health and academic medicine," said P. Sue Perrotty, Tower Health CEO. "His contributions in these areas underscore his profound commitment to advocating for increased access to behavioral health care and the significant strides he has made in academic research and physician education."
Pottstown Hospital cutting 160 jobs. Tower Health is planning expansions to its emergency room and behavioral health services. PUBLISHED: July 28, 2026 at 5:25 PM EDT POTTSTOWN - In the wake of an announcement of a new affiliation with Jefferson Health, Tower Health has announced it is cutting 160 jobs at Pottstown Hospital. In its announcement of the new affiliation, Tower said in a statement both companies have a "shared commitment to expanding access to high-quality care close to home and improving the health of the communities we serve." The job cuts "are across a broad area, including clinical, management and operations," said Bill Tierney, senior vice president at Bill Communications, who contacted a reporter in advance of the 1 p.m. announcement by Tower Health. The simple reason, he said, is "they are overstaffed now for the volume of patients they have." He said the job cuts, which were announced to staff this morning, should not impact services patients receive at the hospital. "As publicly reported, for the first nine months of the current fiscal year, Pottstown Hospital had a loss of $28.2 million, improving a bit from a $32.2M loss during the same time period the year prior," according to the statement issued by Tower Health. The news is not all bad, however. Tower Health is also planning expansions to its emergency room and behavioral health services to reflect the services patients at the hospital need most. When those departments are prepared, 38 positions will be opened up. There was no information available about whether employees being laid off will have first preference for the new jobs when they become available. The emergency department will be increasing in size and capacity between 20 and 25 percent. Behavioral health beds will be increased from 28 to 52, an 86 percent increase, according to the statement. "The behavioral health expansion is intended to address a growing community need while improving access to care for patients and families.Patients receiving behavioral health services will have dedicated clinical space and a separate entrance that supports privacy, dignity and individualized care," according to the Tower Health statement. The hospital also announced that "Community Health and Dental Care will enter into a long-term lease and establish its primary Pottstown location on the hospital campus, strengthening coordination between community-based primary care and hospital services for thousands of patients." According to the statement, "total square footage of renovations at Pottstown Hospital (does not include CHDC space) is 45,000 square feet. Also, "the third floor will benefit from significant enhancements designed to provide patients and families with a more comfortable, welcoming, and healing environment." "We recognize today's announcement also includes difficult workforce decisions affecting valued members of our team. These decisions were not made lightly and are not a reflection of the dedication, compassion or professionalism of the individuals affected," said the Tower Health statement, which was not attributed to any individual. "No clinical programs are closing. Pottstown Hospital will remain a full-service community hospital providing: - 24/7 emergency care - Advanced inpatient medical and surgical services - Diagnostic imaging and laboratory services - Interventional radiology - Inpatient and outpatient behavioral health services - A broad range of outpatient and specialty care," the statement noted. However, the hospital is not what it once was. In 2017, the hospital closed its pediatric ward, citing low admissions. In 2020, the hospital closed its maternity ward, eliminating 30 nurses, one nurse educator and two support staffers. And in 2025, Tower Health closed the hospital's intensive care unit, cancer unit and endoscopy suite as part of the elimination of 130 positions across its entire hospital and health network. (In March, Pottstown Hospital was cited by the Pennsylvania Department of Health for shuttering intensive care services 13 days before it was scheduled to close the unit, according to The Philadelphia Inquirer. Tower said the closure was because it did not have enough remaining nurses to safely run that department for 13 more days.) In announcing the closings last year, Tower Health's statement said the cuts "were made out of necessity to ensure that we can chart our own pathway forward and continue serving our communities. Our commitment to award-winning, high-quality care and patient safety remains unwavering." In its statement issued Tuesday, Tower Health wrote, "our commitment to Pottstown and the surrounding communities remains unwavering. These changes are designed to strengthen the hospital's ability to serve local residents for generations to come by preserving access to the services patients need most, investing in the areas of greatest community need, and ensuring Pottstown Hospital remains a strong, sustainable community hospital for the future." Tower Health has an overall loss of $3.6M through the first nine months of fiscal year 2026, according to the statement. That loss was not greater, said Tierney, because Reading Hospital turned a profit in the same period. MediaNews Group contacted the Pennsylvania Association of Staff Nurses and Allied Professionals, which represents 200 frontline nurses at Pottstown Hospital through Pottstown Nurses United, for comment about the layoffs. A spokesperson issued the following comment: "We are working to ensure the best possible outcome for Pottstown Hospital's frontline nurses and the patients and families who depend on them for lifesaving care. Throughout this process, our priority will be, as it always is, protecting safe, high-quality patient care and advocating for the skilled professionals who deliver it every day," the statement said. "We have been in touch with hospital management to better understand the context for and impact of the proposed layoffs and to push hard for solutions that protect both patient care and the dedicated nurses who serve the Pottstown community," the statement further said. "We strongly believe that staffing decisions should be guided by what patients need and by the expertise of the frontline caregivers who know the hospital and patient population best. Our commitment is to ensure that the health and well-being of the Pottstown community remains at the center of every decision."
Bike safety event coming to Reading. Program presented by Reading Hospital and Commute PA to promote accident prevention. PUBLISHED: May 14, 2026 at 10:45 AM EDT Reading Hospital is introducing its Bike Smart Safety Fest on Saturday from 10 a.m. to 2 p.m. at Reading Area Community College, parent company Tower Health announced. The free event, open to all in the community, will be held in RACC's parking lots A and C near the Yocum Library. No registration is required. Park in Lot A, 30 S. Front St. The program is the result of a hospital partnership with Commute PA to promote bike safety and accident prevention. Children are invited to bring their bicycles and ride through a course designed to build confidence and promote safety skills. Participants must wear helmets while riding. A limited number of helmets will be available on a first-come, first-served basis for participants who do not have one. Activities include helmet decorating, a bike safety check and sidewalk chalk. There will be music and light refreshments and information available about the services provided by state police, Reading fire and rescue services and public works, and the hospital's trauma and community wellness departments. %5B%7B%22id%22%3A%22157%22%2C%22name%22%3A%22%22%2C%22description%22%3A%22%22%7D%5D Something went wrong, try again. Thanks for signing up! According to the hospital's announcement of the event, between June 1 and Dec. 31, 2025, the emergency department and trauma center treated 56 patients, including a 4-year-old, for traditional bicycle-related injuries, and 52 others were treated for injuries sustained on e-bikes. Safe Kids Worldwide reports that nearly 50 children visit emergency departments every hour for injuries related to bikes, scooters, skates or skateboards.
United Way of Berks surpasses goal, raises $11.1 million. Annual Celebrate United gathering honors volunteers, corporate partners and campaign leaders while announcing the success of the organization's 2025 fundraising effort. PUBLISHED: May 7, 2026 at 7:30 AM EDT The United Way of Berks County's 2025 campaign raised $11.1 million, successfully surpassing its goal, the organization announced at its annual Celebrate United event. The campaign co-chaired by Craig and Sue Perrotty exceeded the $10.75 million target, officials said, noting the funds support more than 80 local programs focused on education, food security, health and financial stability. More than 350 community leaders, nonprofit supporters and business partners gathered Tuesday at the DoubleTree hotel by Hilton, Reading, to celebrate the victory. The occasion also highlighted the organization's initiatives and honored the individuals and businesses supporting United Way's mission to improve lives and build a stronger community. One of the night's top honors, the Impact Award, was presented to Brentwood Industries for its ongoing support. The award celebrates individuals or groups that demonstrate exceptional dedication to improving education, financial stability, health, and community resilience. The plastics manufacturer, headquartered in Reading, operates multiple manufacturing and distribution facilities globally. Its leadership team and employees have consistently contributed through volunteerism, financial support and year-round engagement with the organization's work in the community, United Way officials said. The organization's highest honor, the 70th annual Doran Award, was presented to the Perrottys. The award recognizes individuals or couples for exceptional, long-term commitment to community service and philanthropy. Sue Perrotty is the retired CEO of Tower Health and has held leadership roles in banking and philanthropy. Craig Perrotty retired from the financial services field and continues to serve in leadership positions with several local nonprofit organizations. The couple was recognized for their decades of volunteer leadership and philanthropy, benefiting both United Way and Berks County. United Way also announced Brad and Tanya Stephenson as its 2026 campaign co-chairs. Brad Stephenson is co-owner and CEO of New Castle Lawn & Landscape and works as a consultant focused on leadership and business growth. Tanya Stephenson is a licensed physical therapy assistant. "Tanya and I are incredibly honored to share that we've been selected to Co-Chair the 2026 United Way of Berks County Campaign," Brad Stephenson wrote in a social media post. "This isn't just a title for us. It's personal... Berks County has given us so much: opportunity, relationships, support and purpose. Stepping into this role feels like a responsibility to return that gift in a meaningful way." United Way officials said the Stephensons have long supported local nonprofits and will be instrumental to the success of the organization's next fundraising campaign. "We believe in United Way because we know dollars are put to work with purpose and support programs that change lives every day," Brad Stephenson said at the event Tuesday, thanking the organization for the show of confidence. "We're excited, we're committed and we're ready to serve." United Way does the hard and often unseen work that strengthens families, supports those in crisis and builds a better future for all in Berks, he said. "To be trusted to help lead that effort is humbling," he said. The celebration also featured presentations focused on the organization's investments in early childhood education, literacy and teen leadership development. United Way representatives said the organization's efforts extend from kindergarten readiness and early grade reading proficiency to career pathway exposure and leadership opportunities for teenagers. The event was sponsored by Customers Bank, East Penn Manufacturing, EnerSys, Penske Transportation Solutions and UGI Energy Services. United Way of Berks County works to bring people together to strengthen families and communities by investing in local partner agencies and supporting initiatives that improve health, stability, education and crisis response throughout the county. RevContent feed.
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Industries
Company Size
1,001-5,000
Company Stage
Debt Financing
Total Funding
$142M
Headquarters
West Reading, PA
Founded
1867
Find jobs on Simplify and start your career today
Don't see your dream role? Check out thousands of other roles on Simplify.Browse all jobs