The systems declared their intent to affiliate in March. Officials expect to complete the deal Sept. 1, pending regulatory approval.
The acquisition places UPMC in direct competition with Philadelphia-based University of Pennsylvania Health System, one of the largest systems in southeastern Pennsylvania.
Through the transaction, UPMC will also gain control of the four hospitals PinnacleHealth acquired through a deal with Franklin, Tenn.-based Community Health Systems July 3.
More articles on transactions and valuations:
UCLA Health, AccentCare form joint home health venture
Cincinnati Children’s, UK HealthCare revive pediatric heart surgery program after 5 years
9 recent hospital transactions and partnerships
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.
