Check Out How Much Tower Health Paid for Trio of Chester County Hospitals

Kimberly McGuane
By
According to county property records, Tower Health spent more than $137 million to acquire Phoenixville, Brandywine, and Jennersville hospitals.

According to county property records, Tower Health spent more than $137 million to acquire Phoenixville, Brandywine, and Jennersville hospitals, writes John George for the Philadelphia Business Journal.

The deal with Community Health Systems was finalized on Oct. 1, when Tower Health also acquired Pottstown Memorial Medical Center and Chestnut Hill Hospital in Philadelphia. At the time of the deal, Tower Health declined to disclose the financial terms of the transaction.

However, property records for Chester County show the purchase price for the three hospitals and the related assets included in the deal.


[uam_ad id=”58459″]


Tower Health, which previously operated as Reading Health System, paid $62.5 million for Phoenixville Hospital, $40.1 million for Brandywine Hospital, and $34.8 million for Jennersville Regional Hospital.

Property records for the two Philadelphia hospitals that were included in the same deal are not yet available.

Read more about Tower Health’s acquisition details in the Philadelphia Business Journal here.

[uam_ad id=”66439″]

Advertisement