West Penn sale detailed

Evans, Melanie
November 2011
Modern Healthcare;11/14/2011, Vol. 41 Issue 46, p12
Trade Publication
The article reports that Pennsylvania insurance regulators have been urged by Highmark to approve its takeover of West Penn Allegheny Health System (WPAHS). Highmark claims the acquisition deal is needed to stabilize the financial situation at the health system. There is a plan by Highmark to provide up to 400 million U.S. dollars in loans and grants to WPAHS. As of June 30, 2011, WPAHS has an operating loss of 51.8 million U.S. dollars. Included are details on loan conditions set by Highmark.


Related Articles

  • PITTSBURGH. Evans, Melanie // Modern Healthcare;1/21/2013, Vol. 43 Issue 3, p21 

    The article reports on the plan of Highmarks to buy out bondholders of West Penn Allegheny Health System for 87.5 centavos on the dollar after the company talked with five major bondholders for 726 million U.S. dollars of the outstanding debt of the latter.

  • Highmark's big gamble. Evans, Melanie // Modern Healthcare;2/25/2013, Vol. 43 Issue 8, p0012 

    The article analyzes the relevance of Highmark's 1.1 billion U.S. dollar bid for West Penn Allegheny Health System. The financial problems encountered by West Penn Allegheny in 2012 are discussed, including its debts, decreased capital investments and credit rating. Highmark cited competition as...

  • Deal or no deal? Evans, Melanie // Modern Healthcare;4/25/2011, Vol. 41 Issue 17, p12 

    The article focuses on the rumored merger deal between Highmark and West Penn Allegheny Health System (WPAHS) in the Pittsburgh, Pennsylvania health care market. According to a Highmark statement, WPAHS is an important element of the local health care system but there is no acquisition deal...

  • Sales agreement close for West Penn, Highmark.  // Modern Healthcare;10/24/2011, Vol. 41 Issue 43, p4 

    This article reports on Highmark's proposed acquisition of West Penn Allegheny Health System of Pittsburgh, Pennsylvania.

  • Regional News: NORTHEAST.  // Modern Healthcare;10/18/2010, Vol. 40 Issue 42, p20 

    This section offers news briefs in medical care in Northeast U.S. Massachusetts Attorney General Martha Coakley has approved the sale of six-hospital Caritas Christi Health Care to private-equity firm Cerberus Capital Management. New York awarded around 159.8 million U.S. dollars to providers...

  • Revising surgical protocols shortens stays. McKinney, Maureen // Modern Healthcare;12/8/2014, Vol. 44 Issue 49, p29 

    The article offers information related to the Enhanced Recovery After Surgery (ERAS) Society, a Sweden-based group that promotes evidence-based protocols to improve surgical care and speed recovery. It also focuses on perspective of Tonia Young-Fadok, surgeon focused on colorectal and...

  • CHS stock price plummets on preview of Q3 results. Barkholz, Dave // Modern Healthcare;10/31/2016, Vol. 46 Issue 44, p0002 

    The article reports that investor confidence in Community Health Systems, a provider of general hospital healthcare services, declined in the last week of October 2016 after the company previewed third-quarter losses. Topics discussed include the company's admission of a loss from continuing...

  • Startup Iowa plan's collapse raises fears about co-op finances. Demko, Paul // Modern Healthcare;1/5/2015, Vol. 45 Issue 1, p8 

    The article focuses on the financial collapse of the non-profit insurance company CoOportunity Health, that achieved biggest enrollment success in Iowa and Nebraska. Topics discussed include pricing strategy of the failed continuity of operations (co-op) plans to be more competitive in the...

  • Another cost of capital. Evans, Melanie // Modern Healthcare;8/1/2011, Vol. 41 Issue 31, p32 

    The article discusses the growing number of hospitals in the U.S. that joined health systems to gain access to cash for their survival. It cites the case of Lenox Hill Hospital in new York City that joined a health system for cash infusion but lost its independence and ability to decide on how...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics