Orlando Health Acquires Leesburg-Based Medical Group

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Orlando Health has made its first acquisition of 2021.

The nonprofit health care system — which has $7.1 billion in assets and $4.5 billion in annual revenue — closed a deal to acquire Leesburg-based FHV Health for an undisclosed price. The multispecialty medical group has 19 physicians and 10 locations, including primary care, cardiology practices and urgent care facilities in Lake, Sumter and Marion counties.

The group’s new name is Orlando Health Medical Group FHV Health. The acquisition will expand its presence in those three counties and advance FHV Health’s ability to provide services to patients, said Dr. Jose R. Rosado, vice chairman, in a prepared statement. FHV Health was founded in 1991 by Dr. David Lew, who is chairman. Its specialties include cardiology, general surgery, endocrinology, kidney disease, urology and primary care.

The 3,200-bed Orlando Health system includes 15 wholly-owned hospitals and emergency departments, as well as speciality care across several categories. Nearly 4,200 physicians have privileges across the Orlando Health system, which has about 22,000 employees. In fiscal 2020, Orlando Health served nearly 150,000 inpatients and 3.1 million outpatients.

 

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Healthpeak Sells Coconut Creek Senior Living Facility

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Healthpeak Properties sold the Sonata Coconut Creek assisted living and memory care facility for $11.9 million.

HCP AM/Florida LLC, an affiliate of Irvine, California-based Healthpeak, sold the 94-unit, 67,547-square-foot assisted living facility at 4175 W. Sample Road to CREF3 FSLP Coconut Creek Owners, managed by Fortress Investment Group, the New York-based private equity firm.

The price equated to $126,596 per unit. The property last sold for $9.69 million in 2002.

 

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Orthopaedic Medical Group Of Tampa Bay Breaks Ground On 37,000 Square-Foot Medical Complex In Fish Hawk, Florida

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Orthopaedic Medical Group of Tampa Bay (OMG) announced the construction start on a 37,000 square-foot medical complex and surgery center in the Tampa Bay Region.

The facility will sit on nearly four acres of land in the Fish Hawk West community, which is about 15 miles east of downtown Tampa. This new location will become the administrative center of OMG and provide state-of-the-art clinical care.

With the move to the new facility, OMG has bolstered the leadership team by naming Dr. Scott Goldsmith CEO and reorganizing the administrative staff to accommodate continued rapid growth. The administrative complex will also include the Dr. Stuart Goldsmith conference center, dedicated to the founder of OMG.

OMG’s development team of Dr. Jeff Watson and William Romaniello are completing the Fish Hawk project by working with real estate partners Franklin Street and Rubin Real Estate advisors. Due to OMG’s continued growth, Fish Hawk is the fifth medical office project in the last six years.

OMG has also partnered with Surgical Development Systems Inc. (SDSI), based out of Jupiter, Florida to facilitate the opening of a 12,000 square foot ambulatory surgery center inside the 37,000 square foot complex. SDSI CEO Stacy Scroggins said, “the new facility will feature four state-of-the-art operating rooms and will have the most advanced surgical equipment including robotics to assist with total joint replacements, sports medicine and general orthopaedic procedures.”

The facility is planned to open in late 2021.

 

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JKM Breaking Ground On Assisted Living Near Delray Dunes Golf & Country Club

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JKM Developers and affiliate Lotis Group will soon break ground on an assisted living facility, HarborChase of Boynton Beach, west of Boynton Beach after obtaining a $27.45 million construction loan.

It covers the 4.33-acre site at 11810 S. Military Trail, next to the golf course at the Delray Dunes Golf & Country Club. The developer has been working on plans there since 2017.

It will have 140 assisted living beds, on-site dining, and resort-style amenities such as a tavern, a beauty salon and a wine bar. He expects the two-story project to be completed in June 2022.

 

 

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