Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

UPMC expands footprint into N.Y., commits to invest $25M in WCA Hospital

Pittsburgh-based UPMC has signed an affiliation agreement with WCA Hospital in Jamestown, N.Y., marking UPMC's first expansion into New York, according to a Pittsburgh Post-Gazette report.

Under the agreement, UPMC has committed to invest at least $25 million in 317-bed WCA Hospital over the next 10 years. The funds will be used for physician recruitment, facility upgrades and EMR capabilities. UPMC will also assume WCA Hospital's debt and pension obligations.

"WCA's integration with UPMC, one of the premier healthcare systems in the nation, is a major step toward a strong future for healthcare in our community," said Steve Kilburn, chair of the WCA Hospital board of directors, according to the report.

More articles on healthcare industry transactions:

Good, bad or too tough to say? What 4 health system CEOs think of hospital consolidation
2015 healthcare deal volume slows as end of year nears
FTC, state regulators oppose Penn State Hershey, PinnacleHealth merger

Copyright © 2023 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars