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West Penn Allegheny Health System countersued crosstown Pittsburgh insurer Highmark Inc. over the breakup of their proposed $475 million affiliation agreement.
October 17 -
Michigan's Trinity and Pennsylvania's CHE would create one of the nation's largest Catholic health care sytems spanning 21 states if their newly announced plan to merge goes ahead.
October 17 -
Insurer Highmark, which sued West Penn Allegheny Health System over their canceled $475 million agreement, announced a $65 million affiliation deal with Saint Vincent of Erie, Pa.
October 16 -
Potential liabilities from the Jerry Sandusky child molestations prompted Standard & Poor's to revise its outlook to negative on Penn State's long-term bond rating.
October 16 -
Officials from Highmark and West Penn Allegheny Health System spoke with an eye toward resuming talks about a $475 million affiliation agreement.
October 12 - Pennsylvania
F. John White, managing director and chairman of Public Financial Management Group, was an inaugural recipient of a Fels Institute of Government Leadership Award.
October 12 -
Acting on an emergency basis, the City Council in cash-strapped Scranton, Pa., adopted a 1% commuter tax, which still needs approval from a Lackawanna County Court.
October 12 -
Roger Nutt will resign as chief executive of the embattled Pennsylvania Turnpike Commission, which the state auditor said was "drowning in debt."
October 11 - Pennsylvania
Harrisburg, Pa. receiver William Lynch named an entity created by Guggenheim Securities to negotiate exclusively for a long-term lease to manage city parking garages.
October 10 -
Former Harrisburg, Pa., mayor Stephen Reed blamed initially low cost estimates for incinerator-related debt that ballooned into a $340 million debt crisis.
October 4 -
Investigator Steven Goldfield of Public Resources Advisory Group told a Pennsylvania Senate committee frequent red flags were ignored while Harrisburg incinerator-related debt spiraled.
October 4 -
Highmark has sued West Penn Allegheny Health for calling off their $475 million merger, calling the action a contract breach and "a flight from reality."
October 2 -
The IRS has closed an audit without changing the tax-exempt status of $31.23 million of health center revenue bonds that were issued by the Lebanon County Health Facilities Authority in 2005 on behalf of the Pleasant View Retirement Community Project.
October 1 -
Harrisburg, Pa., has enough cash through November and delaying payments to some vendors could help it make through the end of the year, a state official said.
October 1 - Pennsylvania
Moody's placed the Caa1 rating of West Penn Allegheny Health System, one of the top speculative-grade issuers, under review after a merger fell through.
October 1 -
Pennsylvania, the latest state to issue unemployment compensation revenue bonds, plans to go to market Monday and Tuesday with $2.6 billion.
September 28 - Pennsylvania
Bond-rating downgrades to Pennsylvania communities will outpace upgrades over 12 to 18 months as local governments continue to face credit pressure, according to Moody's.
September 28 -
Harrisburg City Council member Brad Koplinski introduced legislation to allow the sale of the city's Wild West artifacts to proceed.
September 28 - Pennsylvania
Philadelphia's non-union employees and supervisors will receive a 2.5% pay raise as part of a new compensation and benefits overhaul package.
September 28 -
The Allegheny County Airport Authority, Pa. is requesting bids for natural-gas drilling at Pittsburgh International and Allegheny County airports.
September 28


