Thrice-rebuffed suitor StoneBridge Healthcare is once again involved in a bid to buy Tower Health
12/14/23 at 03:09 AM
Thrice-rebuffed suitor StoneBridge Healthcare is once again involved in a bid to buy Tower Health
Philadelphia Business Journal
December 12, 2023
Bucks County-based hospital turnaround firm StoneBridge Healthcare is taking yet another stab at Tower Health, this time potentially entering into a management contract with an affiliated nonprofit organization that is interested in acquiring the Berks County health system. The nonprofit, called WoodBridge Inc., was expected to send Tower Health a non-binding agreement in principle Tuesday morning under which it would purchase substantially all of Tower’s assets for $706 million.