Sale of Area Hospitals Complete

Published 09/02 2014 02:11PM

Updated 09/02 2014 02:13PM

JOHNSTOWN - The sale of a large area healthcare system became final on Tuesday. The boards of directors of Conemaugh Health System and Duke Lifepoint Healthcare announced that they had completed their transaction.

Under the terms of the deal, Duke Lifepoint acquired Conemaugh's 3 hospitals, Memorial Medical Center, Meyersdale Medical Center, and Miners Medical Center in Hastings. Conemaugh's physician practices and outpatients centers are also part of the agreement.

Duke Lifepoint has pledged to invest 425-million dollars in Conemaugh's facilities over the next ten years.

The Conemaugh System has more than 4500 employees and more than 350 physicians.

Copyright 2016 Nexstar Broadcasting, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.