Highmark Inc. and West Penn Allegheny Health System, both of Pittsburgh, have poached a group of five obstetricians and gynecologists previously affiliated with the University of Pittsburgh Medical Center, the Pittsburgh Post-Gazette reported.

Blue Cross Blue Shield insurer Highmark and West Penn, the second-largest health care provider in Western Pennsylvania behind University of Pittsburgh, are in talks regarding a $475 million affiliation agreement. West Penn's $726 million of bond debt makes it one of the largest junk-level issuers in the municipal marketplace.

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