UPMC expands in Italy
UPMC is expanding again, this time in Italy.
The health giant announced Thursday it invested in the 75-bed Salvator Mundi International Hospital in Rome with a 50 percent stake.
“Given UPMC's long-standing and successful operations in Italy, we are excited about partnering with RIHM to bring more high-quality services to patients who currently are underserved by both private and public health care providers,” Charles Bogosta, president of UPMC International, said in a statement. “Our strategic investment ... ensures that this partnership will promote our mission of giving patients the best possible care close to home.”
UPMC did not disclose financial terms.
The partnership is expected to expand advanced cancer services and other specialized treatments. The Rome hospital draws about 2,400 admissions and performs about 3,000 surgeries and procedures annually.
“Backed by the deep clinical, operational and financial resources of UPMC, we look forward to offering our patients the most advanced medical and surgical oncology services, as well as highly specialized treatments in neurosurgery, interventional radiology and minimally invasive thoracic surgery,” said Michele Casciani, the hospital's chief executive officer of the hospital. “This partnership creates a model for private health care in Italy.”
UPMC has had a presence in Italy and the European market for two decades.
Ben Schmitt is a Tribune-Review staff writer. Reach him at 412-320-7991, email@example.com or via Twitter @Bencschmitt.