Signed and Scrubbed: October 2025 hospital M&A

Welcome back to Signed and Scrubbed, a monthly roundup of hospital deals, developments, and bankruptcies.

We pulled together a list of provider transactions from October, including announcements of health systems from New York to San Diego.

Here’s your rundown.

Allegheny Health Network. Pittsburgh, Pennsylvania-based Allegheny Health Network signed an affiliation agreement on Oct. 16 to acquire Beaver, Pennsylvania-based Heritage Valley Health System, bringing the combined total to 547 beds.

Deaconess Health System. Evansville, Indiana-based Deaconess Health System acquired its 22nd hospital on Oct. 1: 194-bed Hopkinsville, Kentucky-based Jennie Stuart Health.

General Catalyst. Investment firm General Catalyst’s Health Assurance Transformation Company, aka HATCo, completed its acquisition of the more than 870-bed Summa Health, a nonprofit integrated delivery system based in Akron, Ohio, on Oct. 1. The $485 million deal helped Summa pay off debt and transitioned it from a nonprofit to a for-profit system.

Montefiore Health System. Bronx, New York-based Montefiore Health System signed a letter of intent on Oct. 15 to merge its 10-hospital network with Middletown, New York-based Garnet Health, which has 552 beds across three hospitals.

UC San Diego Health. On Oct. 14, the 1,101-bed UC San Diego Health and 372-bed Palomar Health, based in Poway, California, approved the creation of a joint powers authority, which combines two or more existing governmental entities into a separate public organization, marking the next step toward “mutually beneficial management, operation, and expansion of healthcare services for all Palomar Health facilities,” according to a release.

University of Pittsburgh Medical Center (UPMC). On Oct. 15, UPMC signed a letter of intent to acquire three hospitals in the Steubenville, Ohio-based Trinity Health System from Chicago-based CommonSpirit Health. Financial terms were not shared.