as it did during the same period inThe loss would have been even greater if Tower had not counted toward its revenue $14.1 million of federal aid that the Berks County nonprofit hospital systemHospital owners all over the country have struggled financially this year because payments from government and private insurers have not kept up with higher costs for labor and supplies, but Tower has been under extra pressure as it tries to unwindTower Health recently cut its corporate staff.
that is a recipe for disaster,” said Joshua Nemzoff, chief executive of StoneBridge Healthcare LLC, a new health care investment firm based in New Hope that has made multiple unaccepted bids to buy Tower or parts of it. In emailed comments, Tower highlighted that smaller operating loss in its fiscal 2022 audited financial statement, also released Tuesday.
Source: Healthcare Press (healthcarepress.net)
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