The development includes far more than the main hospital, including a 125,000-square-foot medical office building offering specialized care.
State initiatives like Florida’s Live Healthy Act, which directs over $1.2 billion toward healthcare innovation and workforce development, further reinforce this growth.
Real estate experts say the strategy allows the organization to unlock the value of its properties and focus capital on healthcare operations, which typically deliver higher returns than owning and managing real estate.
The two-story facility is anchored by an ambulatory surgical center operated by Tenet Healthcare, which occupies the entire first floor. The second floor includes four medical practice suites.
The potential project emerges at a time when Health First is moving forward with major changes of its own that includes nearly doubling the facility’s size and constructing a new five-story tower.