Highmark, WPAHS dealings complicated by bankruptcy scenario
Highmark Inc.'s suggestion—its demand, as far as West Penn Allegheny Health System is concerned—that WPAHS file for bankruptcy would not be the first time a hospital or health system went that route on its way to an unencumbered purchase by another party. "The issue from the buyer's side is that they would prefer everything to be cleaned up before they get their hands on it, and a buyer of assets out of bankruptcy can get very clean title," said Downtown bankruptcy attorney Robert S. Bernstein. The process can eliminate all claims, liens and encumbrances, he added, "and deliver to the buyer exactly what they purchased with very little risk."
- CMS Sets 2014 Pay Rates for Hospital Outpatient and Physician Services
- FDA hopes hospitals will switch to newly regulated pharmacies
- The 5 Biggest Healthcare Finance Trouble Spots
- Not-for-Profit Hospitals Find Opportunity Amid Uncertainty
- Nonprofit Hospital Outlook 'Negative' in 2014
- The Most Polarizing Topics in Healthcare IT
- How CPOE Will Make Healthcare Smarter
- Why You Should Involve Patients in Nursing Handoffs
- Are ACOs Really Different from HMOs?
- Rise of the Chief Strategy Officer