Despite closing Brandywine and Jennersville Hospitals in Chester County in a bid to ensure financial stabilization within the company, Tower Health’s troubles remain significant, writes Harold Brubaker for the Philadelphia Inquirer.

Anchored by Reading Hospital, Tower intends to sell the Chestnut Hill Hospital while keeping Phoenixville, Pottstown, and Reading Hospitals open.

While the nonprofit health system is not one of the only health systems facing financial issues, their revenue ending June 30 was $2.17 billion, down from $2.19 last year. Their operating loss was $195 million, which is down from $244 million last year. Overall, the net loss was $200 milion.

Yet the main problem lies in Tower’s unrestricted cash reserve. They only have 54 days of cash on hand left—a rolling measure that depends on the cash coming in and what is then used to pay the bills

The cash reserves declined by $331 million over the 12-month fiscal year, landing at $369 million on June 30.

They remain more than $1.3 billion in debt within an annual revenue of around $2 billion.

Read more about Tower Health in the Philadelphia Business Journal.