Hammond Hanlon Camp LLC Advises Tower Health on Integrated Strategic Financial Plan

posted on Sept. 19, 2019

 

NEW YORK — Hammond Hanlon Camp LLC (“H2C”), a healthcare-focused strategic advisory and investment banking firm, served as the exclusive financial advisor to Tower Health (“Tower” or “the System”), based in Reading, Pa., in developing an integrated strategic financial plan that aligns financial planning and forecasting with the System’s strategic plan.

 

The development of an integrated strategic financial plan follows Tower’s acquisition of five hospitals from Franklin, Tenn.-based Community Health Systems in October 2017. As Tower began integrating the operations of the five hospitals, System leaders found they needed to update Tower’s strategic model to map out the financial trajectory of the integrated system.

 

Earlier this year, Tower engaged H2C to work with leaders in developing an integrated strategic financial plan that would forecast the financial impact of various strategies on each of the System’s hospitals and its physician organization. The model for this plan is based on detailed revenue, expense, growth, and capital expenditure assumptions. It incorporates scenario analyses as well as the financial impact of operational excellence initiatives. The model also projects the credit implications of proposed strategies.

 

The integrated strategic financial plan will be updated annually and will support Tower’s budgeting process. H2C is a longstanding strategic financial advisor for Tower Health. H2C not only advised the System on its acquisition of five hospitals, but also provided strategic guidance in its acquisition of 19 urgent care centers from Premier Immediate Medical Care last year. “H2C is proud to partner with Tower Health as the System realizes its vision of becoming a regional health system,” said Michael Hammond, Principal, H2C. Email Michael.