JOHNSTOWN, Pa. (AP) — Conemaugh Health System of Johnstown has agreed to be acquired by Duke LifePoint Healthcare of Brentwood, Tennessee.
Conemaugh runs three hospitals in central Pennsylvania as well as outpatient centers and group practices. Under the terms of the agreement Duke LifePoint will invest more than $500 million in Conemaugh over the next 10 years.
Ron Vickroy, chairman of Conemaugh's board of directors, says the move will create a stronger health care system for the region. The Conemaugh board worked with a specialized health care investment banking firm to review several possible affiliations.
Duke LifePoint Healthcare is a joint venture of Duke University Health System, Inc. and LifePoint Hospitals.