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Tower Health Announces CEO Retirement, Names Interim Leader

Analysis  |  By Melanie Blackman  
   February 23, 2021

P. Sue Perrotty will serve as interim CEO, replacing Clint Matthews who is retiring after leading the organization for a decade.

Tower Health named P. Sue Perrotty as interim president and CEO Monday afternoon, following the announced retirement of CEO Clint Matthews.

Perrotty, who has served on Tower’s board of directors since 2019, will lead on an interim basis. The press release does not mention a search for a permanent replacement.

"Sue has built an incredible reputation as a dynamic leader with compassion and integrity," Tom Work, chair of Tower’s board of directors, said in the press release. "Having served on our Board since 2019, she uniquely understands our organization and path forward."

Matthews has led the Pennsylvania-based health system, which operates seven hospitals, for the past 10 years.

The CEO appointment marks the latest C-suite turnover at Tower after CFO Gary Conner stepped down earlier this year following heavy financial losses.

Related: Tower Health CFO resigns after years of heavy losses

In January, the integrated health system announced Conner's resignation as well as plans to hire a restructuring advisor to sell its Philadelphia-based hospitals to offset financial losses over the past few years.

"During Clint's tenure, Tower Health has become a healthcare leader focused on improving the health of communities throughout the Reading and greater Philadelphia region," Work said in the press release. "The Board thanks him for his service."

Related: Rating agency says Reading Hospital is the only profitable part of the Tower Health System

Prior to her appointment at Tower, Perrotty served as a leader in the banking and finance industries, where she oversaw “multi-billion-dollar corporate integrations, managed several mergers and advised businesses of all sizes in the Reading community, Philadelphia and beyond," according to the press release.

She also previously served as executive vice president and head of global operations for First Union Corp. After her retirement, she served as chief of staff to former Pennsylvania First Lady Judge Marjorie Rendell.

"I am honored to have been given this responsibility as we collectively chart a smart future for Tower Health," Perrotty said in a statement. "As we move forward, I want to focus on listening to members of the clinical, support and administrative teams – the people that make Tower Health such a special place. In the weeks and months ahead, we'll be guided by our commitment to our mission of providing high-quality and affordable care to the communities we all call home."

Melanie Blackman is the strategy editor at HealthLeaders, an HCPro brand.

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