Duke LifePoint Healthcare plans to extend its reach into yet another state, signing a letter of intent to take over Conemaugh Health System, a three-hospital group based in Johnstown, Pa., investing more than $500 million over 10 years to acquire the not-for-profit system.
Duke LifePoint's nationwide expansion strategy has taken it far outside its home market in the Southeast. In 2012, it acquired Marquette (Mich.) General Health System, which gave it a foothold in the Midwest, and it has since added two more hospitals in the state. The Conemaugh deal would mark its first entry into Pennsylvania. Conemaugh's flagship facility is 555-bed Conemaugh Memorial Medical Center, about 70 miles east of Pittsburgh. Duke LifePoint has five hospitals in Michigan, North Carolina and Virginia, with deals pending for three more hospitals North Carolina.