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Tower Health to Sell Brandywine Property to PennMed

Tower Health to Sell Brandywine Property to PennMed

June 28, 2023

WEST READING PA – Tower Health, which owns and operates the hospitals in Pottstown and Phoenixville, has agreed to sell its already closed Brandywine Hospital in Coatesville, Chester County.

Center City-based Penn Medicine agreed to buy the property, the Philadelphia Business Journal reported Tuesday (June 27, 2023). The two health systems have signed a letter of intent to close the deal by year’s end, Journal Editor In Chief Ryan Sharrow wrote.

A sale price for the 85-acre campus was not disclosed, nor were any future plans Penn Medicine might have for the vacant facility. The sale was announced to Tower Health employees in a Tuesday memo by its CEO, P. Sue Perrotty, the Journal reported.

Brandywine Hospital was closed in January 2022 as part of Tower Health’s continued efforts to cut costs and regain financial stability. Tower operated at a net loss of roughly $195 million in fiscal 2022, according to the Journal.

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Tower earlier sold its former Jennersville Hospital to ChristianaCare in Delaware, and its former Chestnut Hill Hospital to an ownership group led by Temple University Health System.

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Local and Regional News

Looking for free local news? Your choices are somewhat limited. See these sources:

The PCTV Network. PCTV, headquartered in Pottstown, provides local television programming in western Montgomery, northern Chester, and eastern Berks counties.

Digital Notebook. Pottstown resident Evan Brandt is the sole reporter for the venerable Pottstown Mercury newspaper. For many years, until February 2022, he offered observations about happenings in the borough and elsewhere. They remain valuable from a historical perspective.

North Penn Now. Covers municipalities primarily within Montgomery County's North Penn School District: Hatfield township and borough, Lansdale, North Wales, Montgomery, Towamencin and Upper Gwynedd.

Montgomery Daily Voice. Covers municipalities in eastern Montgomery County: Abington, Cheltenham, Horsham, Lower Merion, Lower Providence, Montgomery, Upper Dublin, and Upper Merion townships, and Norristown.

MyChesCo. MyChesCo has covered Chester County news since 2017.

Berks Community Television. Covers Berks County.

Spotlight PA. An investigative news service for Pennsylvania, supported by several news organizations statewide.

Philly Voice. Covers Philadelphia and the suburbs.

Travels With The Post does not endorse, and is not affiliated with, any of these websites.

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