UPMC expands footprint into NY

WCA Hospital in Jamestown, N.Y., has become the first hospital outside of Pennsylvania to integrate with Pittsburgh-based UPMC.

Advertisement

With the merger complete, WCA Hospital has been renamed UPMC Chautauqua WCA. Under the merger agreement, UPMC has committed to invest at least $25 million in UPMC Chautauqua WCA over the next 10 years. UPMC also assumed the hospital’s debt and pension obligations.

“This is a big win for our community,” said Steve Kilburn, chair of the WCA Hospital board of directors and newly appointed member of the UPMC Chautauqua WCA board. “At a time when hospitals across New York State are challenged with unprecedented pressures, our local hospital has joined a world-class healthcare system. As a result of this integration, we believe that our hospital will be stronger and that services will grow in the years to come.”

More articles on healthcare industry transactions:

Quorum Health completes sale of NC hospital
2 Connecticut radiology practices collaborate on new venture
CHS sells 2 hospitals for $425M as part of debt-reduction effort

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.

Advertisement

Next Up in Transactions & Valuation Issues

Advertisement

Comments are closed.