Tower Health, the healthcare system in charge of some local and regional hospitals, has reported its first operating profit in seven years, and it’s all thanks to the sale of the former Brandywine Hospital, writes Harold Brubaker for The Philadelphia Inquirer.
In a fiscal year that ended on June 30, Berks-based Tower Health reported a profit of $5.9 million.
The last time it earned a profit was in 2017 at $9.5 million, with all other years since then recording devastating losses that led to financial struggles and the closing of facilities such as Brandywine and Jennersville Hospitals.
Tower implemented debt restructuring in September 2024 in an effort to reduce operational weight and boost cash reserves.
Revenue was reported at $2.05 billion, which is up 4.5 percent from $1.96 billion the year before. A slight rise in admissions and outpatient surgeries contributed.
Meanwhile, interest expenses that Tower paid reached $66.2 million, which is up 19 percent from $55.5 million last year.
Cash reserves were up $36 million from last year, coming to $198 million, and a decent increase had to do with selling Brandywine. According to the Philadelphia Business Journal, Tower sold the Coatesville hospital to a Delaware real estate firm for $11 million.
Read more about how selling the Brandywine Hospital helped Tower Health make a profit after restructuring in The Philadelphia Inquirer.
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Editor’s Note: This post was originally published on VISTA.Today in August 2025.
