It was a busy week for Pittsburgh-based health systems, with UPMC negotiating a deal that would see it enter the Ohio market and Allegheny Health Network striking a deal to acquire a two-hospital system.
Here are four hospital M&A moves that Becker’s reported during the week of Oct. 13:
1. Pittsburgh-based Allegheny Health Network signed an agreement Oct. 16 to acquire Beaver, Pa.-based Heritage Valley Health System. Heritage’s two hospitals will become the 15th and 16th hospitals in AHN’s network. Heritage Valley’s outpatient clinics and physician practices will be fully integrated into AHN under the transaction.
As part of the affiliation, AHN will become the sole corporate member of Heritage Valley. Over the next decade, both systems plan to invest in facility upgrades, enhanced services, and upgraded IT infrastructure to improve community health.
2. New York City-based Montefiore Health System and Garnet Health signed a letter of intent Oct. 15 for Garnet to join the academic health system through a strategic affiliation.
Garnet Health, a three-hospital system headquartered in Middletown, N.Y., serves more than 500,000 residents across New York’s mid-Hudson and Catskills regions. The proposed transaction would expand Montefiore’s presence in the Hudson Valley and strengthen Garnet Health’s clinical services, specialty care offerings and long-term sustainability. The health systems aim to finalize a definitive agreement by the end of 2025, pending due diligence and regulatory approvals.
3. Pittsburgh-based UPMC signed a nonbinding letter of intent Oct. 15 seeking to acquire Steubenville, Ohio-based Trinity Health System, which would mark the health system’s entrance into Ohio.
Trinity, a three-hospital health system, is currently owned by Chicago-based CommonSpirit Health. In early 2025, Trinity and CommonSpirit leaders began searching for a regional health system that could enhance its services and clinical offerings. UPMC is now negotiating an agreement that would integrate Trinity into its network. Leaders from both organizations “hope to complete the affiliation as soon as possible.”
4. Los Angeles-based Prospect Medical Holdings identified the winning bids at a bankruptcy auction for two of its shuttered Pennsylvania hospitals.
Real estate investment company Chariot Allaire Partners submitted the winning $10 million bid for Upland, Pa.-based Crozer-Chester Medical Center. Restorative Health Foundation and Syan Investments submitted the winning $3 million bid for Springfield (Pa.) Hospital. Prospect did not say when it expects the deals to be finalized.
