Highmark to buy Pittsburgh health system
Insurer Highmark Inc said on Wednesday that it reached a deal to acquire a troubled Pittsburgh health care system while offering bondholders cash payouts of 87.5 cents on the dollar. The out-of-court restructuring agreement will cut West Penn Allegheny Health System's nearly $710 million of outstanding debt and inject cash into the system, likely averting a Chapter 11 bankruptcy filing, according to a statement by Highmark and a source familiar with the matter.
- ICD-10 Delay Alters Provider, Vendor Prep
- Providers Lag as Consumers Set Agenda
- Payment Reform Naysayers 'Better Wake Up'
- As Hospitalist Patient Loads Rise, So Do Hospital Costs
- HIT Leaders Want Flexibility, Transparency from Next HHS Chief
- Crisis Spurs Healthcare Payment Reform in Arkansas
- Esther Dyson Launches Population Health Challenge
- Reduce Readmissions by Activating Patients to Do 'Self-Care'
- Advance Directives: Let's Make a Law
- Hire Care Coordinators Strategically