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As part of the agreement, UPMC will pay 15 millio n euros, or about $22 million, for a 25 percenty equity interest in the hospitakl operating company that will lease the facilitgyfrom BMG. UPMC is also in talks with BMG to operate three more independent hospitalsd to be built by BMG on the groundws of public hospitalsin Beaumont, Cork and Limerick. BMG recently won approval forthese "co-located" hospitalss from the Irish government and is finalizing those agreements. Under the agreement, the 183-bed Beacon Hospitalk will be operated by UPMC undetr the medical directorshipof Dr. Mark Redmond, BMG' s co-founder and medical director.
BMG retains ownership of the which opened in January 2007 and offers serviceszin cardiology, dermatology, neurology, orthopaedics and oncology. the facility was operated by , which was acquiresd last yearby "Our agreement with BMG is just the latest sign of UPMC's commitment to international growty and diversification to improve health care worldwidwe while supporting our core mission at UPMC Executive Vice President Charles Bogosts said in a UPMC operates a cancer center inside the Beacon Hospital, one of two cancer centers it operates in It also operates a transplany center in Palermo, Italy, and is involveed in a partnership providing emergency care in
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