PITTSBURGH (AP) — Highmark Health says it’s spending $1 billion to expand its Allegheny Health Network hospital chain, including a new 160-bed hospital in Pittsburgh’s North Hills suburbs, four smaller neighborhood hospitals, and renovations to existing hospitals.
The Pittsburgh-based company is the parent of health insurer Highmark Inc. and its seven-hospital Allegheny Health Network.
Highmark Health had previously announced $315 million it’s spending on a new cancer institute at its flagship Allegheny General Hospital in Pittsburgh, and facilities in Erie.
Wednesday’s announcement includes $700 million more to fund the new hospital in Pine Township and four neighborhood hospitals. It hopes to open in undetermined locations in the next two years in a joint venture with Emerus, a micro-hospital developer and management firm. The rest of the money will be spent expanding its current hospitals.