In July, Saint Vincent Health System, a two-hospital network based in Erie, Pa., officially became a subsidiary of Pittsburgh-based health insurer Highmark. After several months of negotiations and regulatory approval, Saint Vincent went from an independent hospital network to a member of Allegheny Health Network, the system created by Highmark.
Compared with multistate health systems and large academic medical centers, independent, standalone hospitals face some of the greatest pressures today, and it’s pushing many, like Saint Vincent, to consider entering the merger and acquisition market.
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