Intelligence Unit
Special Reports
Special Events
Subscribe
Sponsored
Departments
- Leadership
- Finance
- Technology
- Physicians
- Community Hospitals
- Health Plans
- Marketing
- Quality
- Nursing
- HR
Follow Us
West Penn Allegheny Health System warned of default
Pittsburgh Post-Gazette, January 4, 2013
Master trustee UMB Bank has sent a notice of default to West Penn Allegheny Health System because the health system failed to furnish audited financial statements by the Dec. 28 deadline. The notice, delivered to WPAHS on Thursday, states that unless the audited statement is provided in 30 days, the health system will be considered in default on its $726 million Series 2007 bond offering. The health system notified bond holders last week that the financial statements were not available, but added that "the system intends to continue to work with its independent auditors to finalize the same."
Most Viewed
Most Emailed
- $6.4B Henry Ford, Beaumont Merger Failed on Cultural Hurdles
- How Chargemaster Data May Affect Hospital Revenue
- House Lawmakers Grill CMS Over Health Exchange Navigators
- Fortunately, Angelina Jolie Isn't On Medicare
- Don't Let Nurses Sink Your Bottom Line
- ED Physicians Key to Half of Hospital Admissions
- Insurer's App Aims to Lower Healthcare Costs, Securely
- Primary Care Docs Average More Hospital Revenue Than Specialists
- Uncompensated Care Faces a Double Hit in Some States
- Hospital Pricing Transparency a Marketing Game Changer
