Publications

Transactions - OCTOBER 20, 2017

Highmark Health JV plans $700m health care expansion in Pittsburgh

by Andrea Waitrovich

Highmark Health and Allegheny Health Networkhas have plans to build a 160-bed health care facility in Pittsburgh-area Pine Township and four other smaller neighborhood hospitals, as part of a four-to-five-year $700 million system expansion.

The neighborhood hospitals will be undertaken as part of a joint venture with Texas-based Emerus.

The investment includes construction of a hospital with more than 160 beds in Pine Township, adjacent to the Wexford Health + Wellness Pavilion. Expansion and renovation is planned for Forbes, Allegheny General, Jefferson and West Penn hospitals, as well as other AHN sites.

Work on existing hospitals is expected to begin in January and will be completed over the next 12 months. AHN plans to break ground on the new hospital in Pine Township in mid-2018, pending regulatory approvals. Construction is expected to be completed in or before 2021.

The four Highmark hospitals will each be between 15,000 square feet and 60,000 square feet and will include an emergency department and 10 to 12 patient beds. The locations of the hospitals have to been determined.

 

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