Reading Health System finalizes acquisition of 5 hospitals

Newly formed system now called Tower Health

WEST READING, Pa. - It's a done deal. The Reading Health System has finalized a deal to acquire five hospitals around the region.

In addition to Reading Hospital, the newly formed Tower Health System now includes Brandywine Hospital in Coatesville, Chestnut Hill Hospital In Philadelphia, Jennersville Hospital in West Grove, Phoenixville Hospital in Phoenixville, and Pottstown Hospital in Pottstown, all of which were acquired from Tennessee-based Community Health Systems.

"We are coming together to create an even more dynamic, expansive and nationally recognized health system," said Clint Matthews, Tower Health's president and CEO. "Our new name, Tower Health, reflects our collective strength, innovative spirit and bold commitment to taking healthcare to new heights."

Tower Health's six hospitals and other entities around the region, including Reading Hospital Rehabilitation at Wyomissing, Reading Hospital School of Health Sciences, and Reading HealthPlex, employ more than 11,000 people and serve a population of more than 2.5 million.

"This is a tremendous opportunity to collectively deliver on our Tower Health promise of advancing health and transforming lives," Matthews said.

The acquisition, first announced in May, will take effect Sunday.

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