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As more procedures move beyond traditional hospital campuses, outpatient medical facilities are drawing increased attention from developers and investors. Florida is emerging as an especially strong market.
AdventHealth has completed major expansion projects at two Central Florida hospitals, adding hundreds of thousands of square feet of healthcare space, more inpatient capacity and expanded specialty services.
Baptist Health South Florida has acquired a prominent Coconut Creek property in a multimillion-dollar deal, giving the health system control of a large retail site along one of northern Broward County’s major commercial corridors.
The property occupies an entire city block.
In addition to the medical tower, the acquisition includes a six-story parking garage containing 1,124 spaces and approximately 324,212 square feet. Two development outparcels were also included, providing Baptist Health with potential opportunities for future expansion.