HIGHMARK UPDATE: AHN CAPITAL INVESTMENT ANNOUNCEMENT
Today, Highmark Health and Allegheny Health Network (AHN) announced a significant investment to improve health care quality and access in western Pennsylvania.
Highmark Health and AHN will invest an additional $700 million in new facility construction and existing facility expansion and renovation over the next four to five years to further improve access to affordable, high-quality health care services in the western Pennsylvania region. Coupled with $315 million in capital investments announced earlier this year to support the network’s cancer and Erie market strategies, the additional projects bring the organization’s total commitment to more than $1 billion in new and improved care sites and capabilities. The investments are expected to ultimately create more than 800 new health care jobs in the region.
As key components of its strategy, AHN will open a new, 160+ bed full-service hospital in Pine Township adjacent to its Wexford Health + Wellness Pavilion, while also forming a joint venture with Emerus, the nation’s leading developer and operator of neighborhood hospitals, to build multiple additional facilities across the region that will provide unique local access to emergency, primary and specialty care.
The network also plans to further expand and renovate facilities at a number of its existing hospitals, including Forbes, Jefferson, West Penn and Allegheny General, and will continue to make substantial investments that advance the capabilities of its leading clinical programs in cardiovascular care, women’s health, the neurosciences and orthopedics, among others.
Please use these Talking Points regarding this announcement to help you in your conversations with your clients.
If you have any questions, please contact your Client Manager or Sales Executive. |
