Highmark, West Penn Allegheny leaders meet to resurrect merger (Trib Live)

November 12, 2012 – Three days after a judge ruled that West Penn Allegheny Health System must remain in a merger deal with Highmark Inc., top leaders of the two organizations discussed plans to get the $475 million transaction back on track. In a joint statement issued on Monday, West Penn Allegheny and Highmark said they have met with the health system’s bondholders and more meetings are planned. Highmark CEO William Winken-werder and Jack Isherwood, chairman of West Penn’s board, were among the “small group of most senior leaders” to meet. “A very productive session was held that focused on efforts the parties could take to address the financial condition of WPAHS to secure approval of their affiliation agreement by the Pennsylvania Insurance Department,” the statement said. “Both parties realize there are significant issues that must be addressed and that prompt action is essential.”

Link to Full Article: http://triblive.com/business/headlines/2944940-74/highmark-penn-system-west-health-million-allegheny-deal-hospital-largest#axzz2C6Yenjer

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