About Chestnut Hill Hospital
Chestnut Hill Hospital is a community healthcare provider. It provides services to inpatient and outpatient, diagnostic and treatment services including minimally invasive laparoscopic and robotic-assisted surgery, cardiology, gynecology, oncology, and orthopedics, primary care practices, women's centers and an off-site physical therapy center. The company was founded in 1995 and is based in Philadelphia, Pennsylvania. In August 2022, Chestnut Hill Hospital was acquired by Temple Health, Redeemer Health, and Philadelphia College of Osteopathic Medicine. The terms of the transaction were not disclosed.
Latest Chestnut Hill Hospital News
Oct 28, 2023
Friday, October 27th, 2023 Philadelphia-based Temple University Health System was the lead buyer of the city's Chestnut Hill Hospital when the purchase closed Jan. 1. The system reported Oct. 27 that the $28 million acquisition of the hospital from West Reading, Pa.-based Tower Health has resulted in an approximate $7.4 million loss on its investment in the first six months of operations. Temple University's 60% stake in the hospital was originally valued at $16.8 million, but the value of that investment was $9.4 million as of June 30, according to the filing. Temple University also had approximately $23.9 million in receivables due from the nonprofit now running the hospital. Redeemer Health and the Philadelphia College of Osteopathic Medicine each own a 20% stake in the hospital. The investment loss on the hospital was included in audited financials, which showed Temple University reporting an operating loss of $58.8 million for the year ending June 30.
Chestnut Hill Hospital Frequently Asked Questions (FAQ)
When was Chestnut Hill Hospital founded?
Chestnut Hill Hospital was founded in 1995.
Where is Chestnut Hill Hospital's headquarters?
Chestnut Hill Hospital's headquarters is located at 8835 Germantown Avenue, Philadelphia.
What is Chestnut Hill Hospital's latest funding round?
Chestnut Hill Hospital's latest funding round is Acquired - III.
Who are the investors of Chestnut Hill Hospital?
Investors of Chestnut Hill Hospital include Redeemer Health, Philadelphia College of Osteopathic Medicine, Temple Health , Tower Health and Community Health Systems.