UPMC Makes $9M from Prodigo Sale

The University of Pittsburgh Medical Center (UPMC) made it its business to develop technologies, software and other products that could be marketed to health systems and insurers. UPMC realized a $9 million gain on the recent sale of a for-profit company the hospital giant founded in 2008.

UPMC sold 51 percent of its equity interest in Prodigo Solutions Inc. to Scottsdale, Arizona-based private equity firm Alliance Healthcare Partners, according to financial disclosures. Prodigo is an integrated supply chain company that enables hospitals to control spending on supplies through contract automation.

The system is used by more than a . . .