West Penn Alleg…

West Penn Allegheny Health System (WPAHS) canceled a deal with Highmark for $475 million.  According to the affiliation agreement proposal, which was announced in June 2012, West Penn and Highmark were going to become a single new nonprofit organization.  West Penn’s decision was largely based on their disapproval of Highmark’s plan to restructure the company through Bankruptcy.  West Penn is actively looking for new partners. West Penn took a $100 million loan from Highmark that it is now refusing to repay as they believe Highmark to be in breach of the affiliation agreement.  Highmark denies this allegation.

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