{"id":4018,"date":"2026-08-17T19:16:56","date_gmt":"2026-08-17T19:16:56","guid":{"rendered":"https:\/\/corporate-movers-usa.com\/?p=4018"},"modified":"2026-08-17T19:16:56","modified_gmt":"2026-08-17T19:16:56","slug":"tower-health-reported-8-5-million-in-operating-profit-for-fiscal-2026","status":"publish","type":"post","link":"https:\/\/corporate-movers-usa.com\/?p=4018","title":{"rendered":"Tower Health reported $8.5 million in operating profit for fiscal 2026"},"content":{"rendered":"<div>\n<div>\n<div><audio><\/audio><\/div>\n<\/div>\n<p>Tower Health reported an $8.5 million operating profit in the year that ended June 30, compared to a $20.6 million loss the year before.<\/p>\n<p>Read more <a href=\"https:\/\/corporate-movers-usa.com\/?p=4016\">Trump\u2019s overture to Kim Jong Un strains alliance with South Korea<\/a><\/p>\n<div><\/div>\n<p>The fiscal 2026 profit will be Tower\u2019s first in eight years, if the result holds in its audited financial. <\/p>\n<div><\/div>\n<div><\/div>\n<p>In the Berks County nonprofit\u2019s preliminary financial report to bond investors Friday, Tower management called the result \u201can important milestone in Tower Health\u2019s ongoing journey toward sustained financial strength.\u201d<\/p>\n<div><\/div>\n<p>Recent moves by Tower to become financially stable included creating a clinical alliance with Jefferson Health, with the goal of bringing more advanced care to Tower\u2019s markets, and laying off 160 workers \u2014 or 22% of the workforce \u2014 at Pottstown Hospital.<\/p>\n<div><\/div>\n<p>In addition to Pottstown, Tower owns Phoenixville Hospital and Reading Hospital in West Reading, and half of St. Christopher\u2019s Hospital for Children in North Philadelphia in a joint venture with Drexel University.<\/p>\n<p>Read more <a href=\"https:\/\/corporate-movers-usa.com\/?p=4014\">A man who stole $1 million in cryptocurrency was sentenced to seven years in prison<\/a><\/p>\n<div><\/div>\n<p>Here are more details:\t<\/p>\n<div><\/div>\n<div><\/div>\n<p><b>Revenue:<\/b> Tower reported a 2% increase in revenue, to $2.07 billion from $2.03 billion. Reading Hospital in West Reading logged an 11% increase in revenue, while the combined revenue of Phoenixville and Pottstown Hospitals fell 8%.<\/p>\n<div><\/div>\n<p><b>Patient volumes:<\/b> Pottstown saw an 11% decrease in hospital admissions, likely because Tower closed the hospital\u2019s intensive care unit at the beginning of the this year. Phoenixville had a small gain of 0.7% in admissions, while Reading was flat. Total surgeries across the system were flat.<\/p>\n<div><\/div>\n<p><b>Notable:<\/b> A year ago, Tower reported a preliminary operating profit of $5.9 million for fiscal 2025, thanks to a gain on the sale of the former Brandywine Hospital. That would have been the system\u2019s first profit in seven years, but it turned into a $20.6 million loss in Tower\u2019s audited financial statements. Auditors from KPMG decided that Tower needed to boost medical malpractice reserves and give up on collecting millions owed by patients.<\/p>\n<div><\/div>\n<p>In an email to The Inquirer, Tower CEO Michael Stern expressed confidence this year\u2019s audit will uphold the preliminary result, giving Tower its first profitable year since 2017.<\/p>\n<p>Read more <a href=\"https:\/\/corporate-movers-usa.com\/?p=4012\">The inaugural JAB Classic brought a bevy of basketball stars for a showcase that was \u2018always about Philly\u2019<\/a><\/p>\n<div><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Berks County nonprofit reported its highest level of liquidity since September 2022.<\/p>\n","protected":false},"author":1,"featured_media":4017,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-4018","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Tower Health reported $8.5 million in operating profit for fiscal 2026 - Corporate Movers USA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/corporate-movers-usa.com\/?p=4018\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tower Health reported $8.5 million in operating profit for fiscal 2026 - Corporate Movers USA\" \/>\n<meta property=\"og:description\" content=\"The Berks County nonprofit reported its highest level of liquidity since September 2022.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/corporate-movers-usa.com\/?p=4018\" \/>\n<meta property=\"og:site_name\" content=\"Corporate Movers USA\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-17T19:16:56+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/corporate-movers-usa.com\\\/?p=4018#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/corporate-movers-usa.com\\\/?p=4018\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/corporate-movers-usa.com\\\/#\\\/schema\\\/person\\\/e17225d0157cf1fa5c6e5e795cc26626\"},\"headline\":\"Tower Health reported $8.5 million in operating profit for fiscal 2026\",\"datePublished\":\"2026-08-17T19:16:56+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/corporate-movers-usa.com\\\/?p=4018\"},\"wordCount\":382,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/corporate-movers-usa.com\\\/?p=4018#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/corporate-movers-usa.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/2eee0a2c4fe87c83bf553d4e0f72959c.avif\",\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/corporate-movers-usa.com\\\/?p=4018#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/corporate-movers-usa.com\\\/?p=4018\",\"url\":\"https:\\\/\\\/corporate-movers-usa.com\\\/?p=4018\",\"name\":\"Tower Health reported $8.5 million in operating profit for fiscal 2026 - Corporate Movers USA\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/corporate-movers-usa.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/corporate-movers-usa.com\\\/?p=4018#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/corporate-movers-usa.com\\\/?p=4018#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/corporate-movers-usa.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/2eee0a2c4fe87c83bf553d4e0f72959c.avif\",\"datePublished\":\"2026-08-17T19:16:56+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/corporate-movers-usa.com\\\/#\\\/schema\\\/person\\\/e17225d0157cf1fa5c6e5e795cc26626\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/corporate-movers-usa.com\\\/?p=4018#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/corporate-movers-usa.com\\\/?p=4018\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/corporate-movers-usa.com\\\/?p=4018#primaryimage\",\"url\":\"https:\\\/\\\/corporate-movers-usa.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/2eee0a2c4fe87c83bf553d4e0f72959c.avif\",\"contentUrl\":\"https:\\\/\\\/corporate-movers-usa.com\\\/wp-content\\\/uploads\\\/2026\\\/08\\\/2eee0a2c4fe87c83bf553d4e0f72959c.avif\",\"width\":760,\"height\":507},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/corporate-movers-usa.com\\\/?p=4018#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/corporate-movers-usa.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Tower Health reported $8.5 million in operating profit for fiscal 2026\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/corporate-movers-usa.com\\\/#website\",\"url\":\"https:\\\/\\\/corporate-movers-usa.com\\\/\",\"name\":\"Corporate Movers USA\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/corporate-movers-usa.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/corporate-movers-usa.com\\\/#\\\/schema\\\/person\\\/e17225d0157cf1fa5c6e5e795cc26626\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/corporate-movers-usa.com\"],\"url\":\"https:\\\/\\\/corporate-movers-usa.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Tower Health reported $8.5 million in operating profit for fiscal 2026 - Corporate Movers USA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/corporate-movers-usa.com\/?p=4018","og_locale":"en_US","og_type":"article","og_title":"Tower Health reported $8.5 million in operating profit for fiscal 2026 - Corporate Movers USA","og_description":"The Berks County nonprofit reported its highest level of liquidity since September 2022.","og_url":"https:\/\/corporate-movers-usa.com\/?p=4018","og_site_name":"Corporate Movers USA","article_published_time":"2026-08-17T19:16:56+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/corporate-movers-usa.com\/?p=4018#article","isPartOf":{"@id":"https:\/\/corporate-movers-usa.com\/?p=4018"},"author":{"name":"admin","@id":"https:\/\/corporate-movers-usa.com\/#\/schema\/person\/e17225d0157cf1fa5c6e5e795cc26626"},"headline":"Tower Health reported $8.5 million in operating profit for fiscal 2026","datePublished":"2026-08-17T19:16:56+00:00","mainEntityOfPage":{"@id":"https:\/\/corporate-movers-usa.com\/?p=4018"},"wordCount":382,"commentCount":0,"image":{"@id":"https:\/\/corporate-movers-usa.com\/?p=4018#primaryimage"},"thumbnailUrl":"https:\/\/corporate-movers-usa.com\/wp-content\/uploads\/2026\/08\/2eee0a2c4fe87c83bf553d4e0f72959c.avif","articleSection":["News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/corporate-movers-usa.com\/?p=4018#respond"]}]},{"@type":"WebPage","@id":"https:\/\/corporate-movers-usa.com\/?p=4018","url":"https:\/\/corporate-movers-usa.com\/?p=4018","name":"Tower Health reported $8.5 million in operating profit for fiscal 2026 - Corporate Movers USA","isPartOf":{"@id":"https:\/\/corporate-movers-usa.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/corporate-movers-usa.com\/?p=4018#primaryimage"},"image":{"@id":"https:\/\/corporate-movers-usa.com\/?p=4018#primaryimage"},"thumbnailUrl":"https:\/\/corporate-movers-usa.com\/wp-content\/uploads\/2026\/08\/2eee0a2c4fe87c83bf553d4e0f72959c.avif","datePublished":"2026-08-17T19:16:56+00:00","author":{"@id":"https:\/\/corporate-movers-usa.com\/#\/schema\/person\/e17225d0157cf1fa5c6e5e795cc26626"},"breadcrumb":{"@id":"https:\/\/corporate-movers-usa.com\/?p=4018#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/corporate-movers-usa.com\/?p=4018"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/corporate-movers-usa.com\/?p=4018#primaryimage","url":"https:\/\/corporate-movers-usa.com\/wp-content\/uploads\/2026\/08\/2eee0a2c4fe87c83bf553d4e0f72959c.avif","contentUrl":"https:\/\/corporate-movers-usa.com\/wp-content\/uploads\/2026\/08\/2eee0a2c4fe87c83bf553d4e0f72959c.avif","width":760,"height":507},{"@type":"BreadcrumbList","@id":"https:\/\/corporate-movers-usa.com\/?p=4018#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/corporate-movers-usa.com\/"},{"@type":"ListItem","position":2,"name":"Tower Health reported $8.5 million in operating profit for fiscal 2026"}]},{"@type":"WebSite","@id":"https:\/\/corporate-movers-usa.com\/#website","url":"https:\/\/corporate-movers-usa.com\/","name":"Corporate Movers USA","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/corporate-movers-usa.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/corporate-movers-usa.com\/#\/schema\/person\/e17225d0157cf1fa5c6e5e795cc26626","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/corporate-movers-usa.com"],"url":"https:\/\/corporate-movers-usa.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/corporate-movers-usa.com\/index.php?rest_route=\/wp\/v2\/posts\/4018","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate-movers-usa.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corporate-movers-usa.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corporate-movers-usa.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/corporate-movers-usa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4018"}],"version-history":[{"count":0,"href":"https:\/\/corporate-movers-usa.com\/index.php?rest_route=\/wp\/v2\/posts\/4018\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corporate-movers-usa.com\/index.php?rest_route=\/wp\/v2\/media\/4017"}],"wp:attachment":[{"href":"https:\/\/corporate-movers-usa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4018"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corporate-movers-usa.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4018"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corporate-movers-usa.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4018"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}