Tower Health, Drexel Complete $50M Deal for St. Christopher’s Hospital for Children - Diverse Health

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Tower Health, Drexel Complete $50M Deal for St. Christopher’s Hospital for Children

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by John George

West Reading-based Tower Health and Drexel University in Philadelphia have finalized their $50 million acquisition of St. Christopher’s Hospital for Children.

The proposed deal for the 188-bed North Philadelphia pediatric medical center was approved in September by the U.S. Bankruptcy Court in Delaware. The closing of the sale, which became effective Sunday, returns the 144-year-old specialty hospital to nonprofit status — something it had not been under its previous two owners.

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