With the acquisition, PinnacleHealth is now UPMC Pinnacle.
“We are pleased that the affiliation is complete, and we look forward to starting a new chapter of collaboration with UPMC,” UPMC Pinnacle President and CEO Philip Guarneschelli said. “Together, PinnacleHealth and UPMC will bring expanded healthcare services and advanced quality initiatives to patients across central Pennsylvania, allowing us to continue to provide high-value, nationally recognized care.”
Hospital officials said in a news release UPMC Pinnacle will be governed by a board comprising 12 volunteer business and community members designated by Pinnacle as well as six newly appointed members from UPMC. They added they don’t anticipate any changes regarding patients’ care and insurance coverage as a result of the affiliation.
UPMC finalized a definitive agreement to acquire PinnacleHealth in July.
More articles on transactions and valuations:
14 recent hospital transactions and partnerships
2 Kansas hospitals to examine potential alliance
State OKs Regional Health’s purchase of 2 Washington hospitals
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.
