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$142M University of Pittsburgh Medical Center Suit Close to Settling

A settlement appears imminent in a $142 million lawsuit involving UPMC Altoona.

The lawsuit, filed by UPMC in September 2016, accuses a Cleveland-based financial company of mismanaging and under-reporting the pension debt of the former Altoona Regional Health System prior to the Pittsburgh system’s July 2013 acquisition of the hospital.

The suit names CBIZ Inc. and actuary Jon S. Ketzner, who handled Altoona Regional Health System’s two largest pension plans from at least 2008 through 2014, the court papers say.

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