AdventHealth Buys More Lake County Property

adventhealth

AdventHealth just bought a portion of Clermont land that was part of a recent, larger sale.

Ohio-based developer Coastal Ridge Real Estate bought a 49-acre property from the Clont family on June 2 for $7.35 million, according to county records. The developer then sold a 24-acre portion of the property closer to U.S. 27 to an entity related to the Altamonte Springs-based nonprofit health system for $5.75 million. The land is next to the 250-acre, mixed-use Olympus development in Clermont, which is slated to feature residential, sports venues, retail and medical uses.

“AdventHealth has no immediate plans for this parcel,” Kari Vargas, CEO of AdventHealth’s West Orange and South Lake market, told Orlando Business Journal. “We will continue to assess the health needs of the fast-growing South Lake County community, to ensure we utilize the property in a way that best serves those needs.”

Founded in 1908, AdventHealth’s Central Florida division includes more than 20 hospitals and ERs in the seven-county area in and around Orlando. Its hospitals and other outpatient services see more than 5.7 million patient visits annually. The health system has 37,000-plus employees across Central Florida. Nationally, the organization has more than $12.5 billion in annual operating revenue.

Meanwhile, Raleigh, North Carolina-based FMI Corp. expects health care construction spending in the U.S. to go from $53 billion in 2022 to $62 billion in 2025. That is due to demand for services for an aging population and the addition of people to certain parts of the country.

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June 15, 2022/6 Comments/by admin

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