Becker's Healthcare January 6, 2025
When Michael Stern joined West Reading, Pa.-based Tower Health in 2022 as executive vice president and COO, the organization was already in the midst of a financial turnaround, led by then-interim CEO Sue Perrotty, a 30-year veteran of the banking industry.
As part of the turnaround, the organization appointed several new leaders in recent years. The capstone to this effort is the appointment of Mr. Stern, who served as president and COO since April 2024, to president and CEO, effective Feb. 24.
Ms. Perrotty, who played a key role in rebuilding the health system after a $440 million loss, will transition back to the board of directors.
In conversation with Becker’s, Mr. Stern discussed his focus on financial sustainability,...
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