West Penn Allegheny Health System News

Highmark Closes $604M Buyout of West Penn Allegheny Bondholders

Insurer Highmark Inc. on Monday completed a $604.2 million bondholder buyout of troubled West Penn Allegheny Health System at 87.5 cents on the dollar. The buyout, in which Highmark acquired just over 85 percent of the outstanding principal amount of …