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UPMC finalizes definitive agreement to acquire PinnacleHealth

Pittsburgh-based UPMC finalized a definitive agreement July 28 to acquire PinnacleHealth, a three-hospital system in Harrisburg, Pa., according to philly.com.

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.

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