UPMC to acquire PinnacleHealth pending approval
The consolidation of Pennsylvania's health organizations is set to take another step forward as PinnacleHealth System is being acquired by the state's largest health system.
The University of Pittsburgh Medical Center has reached a deal to acquire PinnacleHealth, according to The Associated Press.
The deal is expected to be completed Sept. 1 if it meets regulatory approval, according to the AP.
PinnacleHealth has been busy increasing its presence in central Pennsylvania.
In July, the health system finalized its acquisition of four area hospitals, including Memorial Hospital in Spring Garden Township, and it signed an affiliation agreement with the parent company of Hanover Hospital that is still pending regulatory review.
Kelly McCall, spokeswoman for PinnacleHealth, wrote in an email that all hospitals that are part of PinnacleHealth would be included in a future affiliation with UPMC.
Jason McSherry, spokesman for what is now PinnacleHealth Memorial Hospital, forwarded a message from PinnacleHealth when reached for comment, while a spokeswoman for Hanover Hospital did not immediately return a voicemail seeking comment.
PinnacleHealth landed with UPMC after its merger with Penn State Milton S. Hershey Medical Center was blocked over concern that it would allow prices to rise in the midstate, according to the AP.