Highmark crowds UPMC East
Highmark Inc. is inching closer to rival UPMC in Monroeville with the purchase of the former Parkvale Savings Bank headquarters at William Penn Highway and Mosside Boulevard.
Highmark, which is forming an integrated health system to compete with UPMC, paid $6 million for the office building, which is next to UPMC East, a $250 million hospital that opened last year, according to a deed filed Monday in Allegheny County.
It's the second major purchase in Monroeville for Highmark, the state's largest health insurance company.
“We are exploring a number of options (for the building), ranging from back office functions to potentially a few medical practices,” Highmark spokesman Aaron Billger said. “Monroeville is an important marketplace for us.”
Highmark previously purchased a former clothing store on Monroeville Boulevard that it plans to convert to an outpatient surgery center. That building is beside an office park where UPMC leases space for several medical practices.
It also is in the process of acquiring West Penn Allegheny Health System, which owns Forbes Regional Hospital in Monroeville. Forbes is about a mile from UPMC East on Mosside.
UPMC spokesman Paul Wood declined to comment on the purchase.
Parkvale was acquired by FNB Corp. in January 2012.
Highmark, the state's largest health insurer, spent $32 million in 2011 and 2012 buying properties around the Pittsburgh region for its new health system. It hasn't disclosed plans for most of the properties, which included vacant land and office buildings.
On one of the properties, a large plot of land in Pine along busy Perry Highway, Highmark is constructing a $100 million medical mall, which will offer one-stop shopping for a wide range of outpatient medical services, such as primary care and specialty physicians, testing, imaging and outpatient surgery.
The insurer has said it wants to build one more medical mall somewhere in the region but has not announced a site.
Alex Nixon is a staff writer for Trib Total Media. He can be reached at 412-320-7928 or email@example.com.
Add Alex Nixon to your Google+ circles.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Cranberry-based Prodigo Solutions: Hospitals can reduce high supply costs
- With acquisition, PNC set to enter IPO market
- Allegheny Health Network expands women’s services in competition with UPMC
- Consumer spending climbs as job gains boost incomes
- State cites Patriot Coal in W.Va. mine accident
- Another card system hack at Supervalu, Albertsons
- Columbia Gas parent to spin off pipeline operations
- NHTSA probes sudden acceleration complaints in Toyota Corollas
- Stocks decline on overseas political troubles
- Jobless baby boomers struggle to get back in game
- Airmall thriving despite fewer flyers at Pittsburgh International Airport