The Saint Vincent Health Center Board of Trustees voted unanimously last night signing a non-binding letter of intent with Highmark.
At a news conference today, Scott Whalen, Saint Vincent CEO, announced the affiliation both sides hope to finalize by the end of the year.
Officials say the discussion to form this partnership has been ongoing for at least a year.
William Winkenwerder, Highmark CEO, says the partnership is a way to create a more modern and efficient health care system.
A $20 million cash investment will maintain
A $5 million dollars for capital projects to support the healthcare ministry of the Sisters of Saint Joseph.
And over the next three years,
The agreement must be approved by the Pennsylvania Attorney General and the Orphan Board of Erie County before it's final.
Officials say no employees will be affected by this affiliation.