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Judge OKs sale of Conemaugh Health to for-profit

August 21, 2014
Associated Press

JOHNSTOWN, Pa. (AP) — A western Pennsylvania judge has approved the sale of the Johnstown-based Conemaugh Health System to a for-profit Tennessee network, Duke LifePoint Healthcare.

Under the deal approved Wednesday by Cambria County Judge Timothy Creany, Duke LifePoint will pay $111 million for Conemaugh, and agree to invest $425 million more on capital improvements, including new facilities in Richland Township, near Johnstown, and Ebensburg, over the next decade.

Conemaugh runs hospitals in Johnstown, Hastings and Meyersdale, as well as outpatient centers and group practices. Duke LifePoint Healthcare is a for-profit joint venture of Duke University Health System, Inc. and LifePoint Hospitals.

Officials with the health systems say no layoffs are planned as part of the takeover, which is expected to close soon now that the deal has court approval.

 
 

 

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