Highmark's $1.1B Deal For West Penn Clears Final Hurdle

Law360, Philadelphia (April 29, 2013, 5:21 PM EDT) -- Insurer Highmark Inc. on Monday announced the completion of its long-awaited acquisition of the West Penn Allegheny Health System, a deal estimated at roughly $1.1 billion, following approval of the transaction from the Pennsylvania Insurance Commission, an assent that also imposed conditions prohibiting exclusive insurance contracts.

The deal creates the Allegheny Health Network, an integrated health care delivery network serving western Pennsylvania. The approval and subsequent announcement completes a transaction that was first announced in June 2011 and was renegotiated in January 2013 after its near collapse...
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