Pottstown and Phoenixville hospitals will continue to operate in a corporate restructuring announced Tuesday by Tower Health. It plans to close its Jennersville hospital, and sell its Chestnut Hill hospital, along with some Urgent Care locations.
Phoenixville Hospital and Pottstown Hospital, both owned by Tower Health, have received special awards from the American Heart Association for care of patients with cardiovascular disease.
Six hospitals operated by Tower Health, including Pottstown (at top) and Phoenixville, suffered losses for the fiscal year ending June 30, the Philadelphia Business Journal reported Monday. Tower also is changing duties for its Pottstown and Phoenixville CEOs.
In an exclusive article published Wednesday, the Philadelphia Business Journal cited sources that said a joint venture of Lehigh Valley and Bucks County partners would bid to buy all of Tower Health.
Phoenixville Hospital is sponsoring discussions of shoulder problems during September in Limerick, and of hip and knee pain during October in Phoenixville.
PMMC made a 2010 fiscal year profit of $34 million, and at 18.08 percent had the highest operating margin among 23 hospitals in Montgomery, Chester, Bucks and Delaware counties, according to a state report.