Chestnut Hill Hospital’s New Owners Are Successfully Nursing It Back to Operational Health

chestnut hill hospital
Image via Chestnut Hill Hospital - Temple Health at Facebook.
The new owners of Chestnut Hill Hospital, including Temple Health, are melting some of the financial issues that plagued it in the past.

Chestnut Hill Hospital — under new ownership — is showing signs of renewal. John George covered the progress in the Philadelphia Business Journal.

The hospital, which sits adjacent to the Montgomery County communities of Wyndmoor, Lafayette Hill, and Flourtown, was purchased from Tower Health Jan. 1.

Temple Health, Redeemer Health, and the Philadelphia College of Osteopathic Medicine now own it, at different levels of participation.

Temple Health CEO Michael Young gladly revealed what the data showed 30 days after the change of hands.

“[Chestnut Hill Hospital] had a net income … for the first time in eight years,” he noted.

He continued: “I’ve done turnarounds for 20 years. What happens is you drive down what you spend, you drive down costs, and you grow volume and fill up beds. They are doing a great job with all of that.”

The partners are contributing staff, equipment, treatment specialties (like the impending arrival of Fox Chase Cancer Center there), and funds for capital improvements to maintain momentum.

Other specialties targeted for relocation include OB-GYN and imaging.

Filling that latter need was a priority for Young; he described the Chestnut Hill Hospital CEO as being so eager for a new CT scanner that “he dreamt about it.”

More on the Chestnut Hill Hospital future is at the Philadelphia Business Journal.


A virtual tour of Chestnut Hill Hospital.

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