Highmark Will Now Pay $1.6B To Acquire West Penn

Law360, New York (January 24, 2013, 5:22 PM EST) -- Highmark Inc. now plans to pay $1.6 billion to acquire West Penn Allegheny Health System Inc., according to updated regulatory filings, as the company's CEO on Thursday reaffirmed Highmark's commitment to building an affordable Pittsburgh-area health care network.

Highmark moved one step closer in acquiring the financially beleaguered West Penn system when it submitted an updated filing on Wednesday with the Pennsylvania Insurance Department outlining additions like a proposed WPAHS shareholder buyout that could top $600 million and an additional $75 million grant to WPAHS in...
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