Another bond downgrade and 1.3 Billion dollars in debt. Where does Tower Health go from here? No other healthcare system is going to buy the other hospitals without Reading Hospital included. UPMC looks like the clear favorite at this point. UPMC just reported 836 million in operating income in 2020. This will give them direct access to eastern Pennsylvania and a path into Philadelphia.
Tower Health should be ashamed of themselves with the situation they are in. Horrid management and decisions over the past 4 years have gotten them to this point. Hopefully whoever buys this health system cleans house of management and can get this system back in order. Getting rid of Clint Matthews and Gary Conner was a good start but still many more to go. Please head directly to the Medical Group and clear out all the management there.