TITLE

West Penn sale detailed

AUTHOR(S)
Evans, Melanie
PUB. DATE
November 2011
SOURCE
Modern Healthcare;11/14/2011, Vol. 41 Issue 46, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
67376072

 

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