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Saint Vincent Health System Joins Highmark's Health System

Saint Vincent Health System, based in Erie, Pa., has officially merged into Allegheny Health Network, the integrated delivery system operated by Pittsburgh-based health insurer Highmark.

State regulatory officials OK'd the deal more than a month after the Orphan's Court of Erie County approved it. Highmark will invest $20 million into Saint Vincent for general financial purposes and another $5 million for capital projects. Saint Vincent will also receive $40 million over the next three years to improve existing facilities and expand in the region. The Sisters of St. Joseph, the Catholic sponsor of Saint Vincent, will receive a one-time, $10 million payment.

"We're committed to working collaboratively with Highmark and Allegheny Health Network to make care more affordable, while at the same time addressing a shortage of primary care physicians in the region by investing in training and education," Scott Whalen, PhD, president and CEO of Saint Vincent's, said in a news release.

Saint Vincent is the third major provider to join Allegheny Health Network. The Pennsylvania Insurance Department approved the affiliation between Highmark and Pittsburgh-based West Penn Allegheny Health System in April. Jefferson Regional Medical Center, a 370-bed hospital in Jefferson Hills, Pa., was the first to join Highmark's system in March.

Allegheny Health Network now has seven hospitals in Pennsylvania and one in southwestern New York.

More Articles on Hospital Transactions:
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Sanford Health, Jamestown Regional Medical Center Partner for EHR
Willis-Knighton to Operate DeSoto Regional Health System

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