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Tower Health hires new investment bank in latest effort to recover from deep financial losses

Houlihan Lokey replaced an investment bank that was focused on selling hospitals and other businesses. Tower has extraordinarily low levels of cash for a health care provider of its size.

Reading Hospital in West Reading is the anchor institution for Tower Health, which has hired an investment bank to help it recovery financially from a botched expansion into Southeastern Pennsylvania.
Reading Hospital in West Reading is the anchor institution for Tower Health, which has hired an investment bank to help it recovery financially from a botched expansion into Southeastern Pennsylvania.Read moreTower Health