UPMC, Highmark Dissolving Their Join Ventures In Erie County

UPMC and Highmark Health’s (Highmark) are ending their business arrangements in Erie County, Pennsylvania, relating to the Regional Cancer Center, which is jointly owned by the two entities. UPMC leadership has stated that the two hospitals which jointly owned and operated the center—St. Vincent Hospital and Hamot Hospital—will move forward independently to form their own cancer centers.

In recent years, high pharmacy costs and lower reimbursement rates have cast Regional Cancer Center into economic troubles, forcing the split between UPMC and Highmark. St. Vincent, which is owned by UPMC is currently in the process of withdrawing from . . .