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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.

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

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