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SEPTA strike is ‘imminent,’ say TWU leaders

Its cash reserves have fallen to $208 million, while its debt stands at $1.6 billion, according to Fitch. Fitch called that “precipitously weak.” By contrast, Temple University Health System reported Wednesday that its cash reserves amounted to 218% of its debt at the end of June.

Tower’s low cash reserves and large debt load mean that its ability to invest in its facilities is extremely limited, effectively only fixing things that break, Fitch said. Long-term, that would make it increasingly difficult to attract patients.

[Temple University Health System reported a $64 million annual operating loss, its first since 2014] Edit info

Fitch noted, however, that Tower had improved financial performance from April through June.

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