UPMC, Butler Health to take control of North Hills surgeons group Tri Rivers
| By Bill Toland, Pittsburgh Post-Gazette | |
| McClatchy-Tribune Information Services |
McCandless-based
Though it's characterized as a joint venture, the salaries of all Tri Rivers physicians and employees will be managed by UPMC, the venture's majority partner. Tri Rivers specializes in orthopedics and spine care, as well as physical rehabilitation.
Both
"UPMC has a [longstanding] successful collaborative relationship with BHS and we are pleased to partner with them on this joint venture that helps ensure the continuation and expansion of quality health care provided by this exceptional group of physicians and health care professionals," said
Last year,
Nationally, the number of independent physicians clinics are dwindling. Locally, the attrition among independent doctors is even more pronounced, given UPMC's thirst for expansion and
As recently as 2012, physician leaders at Tri Rivers said they had no intention of selling out to hospital chain. But times change.
"In an era when health care is changing both nationally and regionally, independent practices such as ours must strategically align themselves with strong partners," said
In an interview,
Selling to the practice -- which was founded more than 40 years ago in what was then a newly built
The acquisition presents a good-news, bad-news scenario for UPMC's rival,
The good news is that Highmark's commercial customers -- the under-65, non-
They can't, however, see Tri Rivers specialists at their
The acquisition by UPMC and BHS also subtracts from the pool of independent
AHN recently opened a new medical pavilion in
Financial terms of the deal weren't released; the sale is being implemented in phases. Tri Rivers' physical therapy unit is already under the control of
___
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