The not-for-profit system will build the specialty hospitals into existing facilities and not add new beds.
The recent acquisition of seven-hospital PinnacleHealth takes UPMC into the tough central Pennsylvania market for the first time, where it faces a host of new competitors, Moody's noted.
Big academic medical centers have found partnerships overseas allow them to enhance their brand awareness and provide an added source of revenue.
Pittsburgh-based UPMC benefited in the first six months of its fiscal year from increased enrollment in its health plan as well as higher patient volumes. But expenses bogged down its operating income.
Around 20 employees of Pittsburgh-based UPMC health system staged a labor strike Tuesday to protest wages and union rights. The striking workers allege UPMC has prevented them from forming a local under the Service Employees International Union-Healthcare Pennsylvania.
Provider-owned insurer UPMC Health Plan and Reading Health System on Monday said they are forming a joint venture to offer health insurance to employers and individuals in southeastern Pennsylvania.
Dale Maxwell will become interim CEO at Albuquerque-based Presbyterian Healthcare Services when current president and CEO James Hinton leaves to become chief executive at Dallas-based Baylor Scott & White Health in January 2017.
Several Pittsburgh-based genetic research organizations have released to the public an open-source software tool that aims to make researchers' work easier while handing massive amounts of genomic data across disparate data sources.
UPMC health system announced Thursday it has partnered with Ireland's largest private healthcare system to build a new cancer therapy center in Cork.
Pittsburgh-based UPMC health system announced Tuesday that it has acquired Susquehanna Health. Under terms of the deal, UPMC will invest $500 million to expand Susquehanna's emergency, cardiac and cancer service lines.
Wildly different experiences with the ACA marketplaces have played out across 34 not-for-profit and mutual Blue Cross and Blue Shield brands, according to a Modern Healthcare analysis of financial filings.
UPMC health system has announced the launch of a telemedicine software company that will help patients reach doctors during off hours. The move is aimed at reducing avoidable hospital admissions among nursing home patients.