WVU Health System will acquire the facilities, employees — and debt load — from Independence Health when the two entities are officially joined in the second half of next year, according to hospital officials. It also will gain access to what Independence Health has touted as more than 750,000 people living in the 10-county area that the local hospital system serves from its facilities in Westmoreland and Butler counties. And the deal specifically is an acquisition, not a merger, according to Angela Jones, a spokeswoman for WVU Health System.
Read the full article: Acquisition, Not Merger: WVU Health System Moves to Take Control of Independence Health’s Workers, Debt //
Source: https://triblive.com/local/westmoreland/acquisition-not-merger-wvu-health-system-will-offer-insurance-plan-pick-up-independence-debt/