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Tower Health Turns Profit as Phoenixville Hospital Loses $10M
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Tower Health Turns Profit as Phoenixville Hospital Loses $10M
PHOENIXVILLE, PA — Tower Health recorded its first audited annual operating profit since its formation in 2017, but Phoenixville Hospital, the health system’s only remaining acute-care hospital in Chester County, lost $10 million during the same period, according to financial results reported by the Philadelphia Business Journal. The health system generated an $8.5 million operating profit on $2.07 billion in revenue for the fiscal year ended Ju…
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