Highmark news and information

One of the nation's largest health insurers will acquire its first hospital in a deal expected to close this week, but still unresolved is Highmark's $1.1 billion bid for a distressed health system central to its ambitious expansion plans.
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If the business model for the health insurance industry has to change, so should its leadership. That's the strategy that WellPoint is taking by tapping a hospital executive as its new CEO.
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West Penn Allegheny Health System at one time was one of the prominent healthcare providers in Pittsburgh. As a new health system emerged (University of Pittsburgh Medical Center) and monopolized the city, WPAHS was...
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Last year, the Utah-based SelectHealth insurance company paid $1 million to provide just five patients with the critical enzyme-replacement drug Cerezyme.
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Executives at not-for-profit hospitals are getting more aggressive in pursuing potential deals and also becoming chummier with their for-profit counterparts in forming long-term ownership partnerships.
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HARTFORD, Conn.—One of Connecticut's largest hospitals could be the first hospital to join Ascension Health Care Network, a private equity-backed effort to launch a for-profit Catholic health system. St. Francis Hospital and Medical Center, Hartford, signed an exclusive letter of...
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Highmark's revised plans to acquire the faltering West Penn Allegheny Health System would push the Pittsburgh insurer's cost to launch an integrated delivery network to more than $1.6 billion.
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PORTLAND, Maine—Eastern Maine Healthcare Systems signed a definitive agreement to acquire Mercy Hospital, a 168-bed hospital in Portland, that is part of Catholic Health East. As part of the deal, EMHS will acquire Mercy and its service units, including VNA Home Health & Hospice in...
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Highmark said it reached an agreement to buy out bondholders of the financially distressed West Penn Allegheny Health System for 87.5 cents on the dollar.
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Fitch Ratings knocked West Penn Allegheny Health System's credit rating to C and said analysts believe “negotiated debt restructuring appears to be inevitable to forestall insolvency.” The C rating is the lowest Fitch rating that does not indicate a default. West Penn Allegheny, the...
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