Livewell Senior Living 5850 Margate Boulevard

A Margate assisted living facility traded hands for $16 million.

Property records show an entity led by Yanir Shrmaryou, president of Livewell Senior Living, sold the facility at 5850 Margate Boulevard. The buyer is an entity led by Hector Fernandez who heads Miami-based Reign Senior Residences.

Fernandez financed the purchase with a $12.9 million mortgage from Old Second National Bank, records show.

The 58,409-square-foot, 140-bed facility was built in 1971 on a 3-acre property. The sale price breaks down to $274 per square foot.

The assisted living facility last sold for $7 million in 2014, records show.

Neither Livewell Senior Living nor RSR Senior Residences responded to requests for comment. According to its website, Miami-based Reign Senior Residences also owns and operates the assisted living facility at 9355 Southwest 158th Avenue in Miami.

 

Source:  The Real Deal

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The Fort Myers Neurosurgical Building Partnership has sold a medical office building for $4.4 million, Business Observer reported March 14.

The building’s tenants include Fort Myers-based Spine and Orthopedic Specialists and Southwest Florida Neurosurgical & Rehab Associates.

The building was sold to investment company KNC Capital Partners.

 

Source:  Becker’s ASC

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HCA Florida Lake Monroe Hospital — formerly Central Florida Regional Hospital in Sanford — bought 3.01 acres at 16831 U.S. Highway 441 in Eustis for $3.06 million, according to recently updated Lake County records. The hospital, owned by Nashville, Tennessee-based HCA Healthcare Inc., bought the property from the Vaughn Family Trust in December.

The for-profit company has 11,000 physicians and 77,000 employees in Florida at 49 hospital campuses, 350 physician practices and freestanding emergency rooms and over 50 urgent care centers.

 

Source:  OBJ

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Mount Sinai Medical Center joined City of Miami Beach Mayor Dan Gelber in his State of The City Address to announce the building of the Irma and Norman Braman Cancer Center on their main campus in Miami Beach.

The new building is expected to be completed in the first quarter of 2025.

The Braman Cancer Center will create the needed access to clinical expertise, robust support services, research, trials, and the newest technologies, all housed in an ultramodern facility, with exceptional views of Biscayne Bay. Individuals will receive the clinical and supportive care in a light-filled, spacious, healing environment, centered on delivering an unparalleled patient experience.

Mount Sinai’s nationally recognized cancer program is further enhanced by its affiliation with Columbia University, allowing for greater access to biomedical research, education, and training. The physicians of the Braman Cancer Center also serve as associate professors at Columbia University, ensuring continued collaboration and expertise in treating cancer. Treatment plans are informed and reviewed by both organizations, ensuring the most sophisticated, evidence-based methods of preventing, diagnosing, and treating cancer.

The medical center also welcomes a new cancer center director, Steven Hochwald, MD, MBA, FACS. A leading pancreatic and gastrointestinal surgical oncologist, and an avid researcher, Dr. Hochwald was recruited from Roswell Park Comprehensive Cancer Center, an NCI-designated institution. Dr. Hochwald’s research focuses on technical advances in minimally invasive upper gastrointestinal surgeries and developing new targets and agents for treatment of pancreatic and gastroesophageal malignancies.

“We are beginning a new phase of a truly patient-centric approach to cancer care,” said Norman Braman. “The investments we are making in expanding the expert medical staff, new technologies, and the building of a modern facility will create an unparalleled experience while expanding resources and access for all.”

The new cancer center will occupy over 200,000 square feet, and it will support the medical center’s expert physicians in delivering leading-edge cancer care to all patients. All treatment and chemotherapy rooms will have stunning views of Biscayne Bay, adding to the long list of features aimed at providing a truly patient-centric approach to cancer care.

The Braman Cancer Center will also offer patients a multitude of support services to engage individuals and promote a holistic approach to their well-being. These services include nutrition classes, physical therapy, massage, meditation classes, a dedicated spa, and more.

The center will continue to offer same- or next-day appointments, and expanded telemedicine appointments for patients seeking care. Furthermore, the new building will greatly increase the capacity for oncology urgent care services, allowing for expeditious assessment and early intervention to avoid unplanned emergency department visits and unnecessary hospitalization for patients who are already immunocompromised.

“With cancer incidences in South Florida expected to rise 12 percent by the end of the decade, the Bramans have made a truly transformational gift to our community that will expand access for all those who seek care,” said Mark H. Hildebrandt, Chairman of the Board of Trustees of Mount Sinai Medical Center. “As pillars in South Florida, the Bramans continue to make an indelible impact through their generous contributions and engagements, and this is no exception. Throughout the years, their collective efforts continue to build a stronger, healthier community for all.”

With a focus on physical and emotional well-being, the Braman Cancer Center will provide an unmatched, personalized patient and caregiver experience. Every patient will have access to extensive support services, complimentary therapies, and the newest in radiation oncology and surgical technology.

 

Source:  South Florida Hospital News

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A church in the Fontainebleau neighborhood of western Miami-Dade County could be demolished to build a medical clinic.

CN 86 Flagler LLC, an affiliate of Miami-based One Health Medical Centers, filed a pre-application with the county for the 0.86-acre site at 8616 W. Flagler St. It acquired the property for $2.3 million in May 2021 from the Expressway Baptist Church. The 8,928-square-foot religious building there, which was constructed in 1971, would be removed.

One Health Medical Centers has proposed a two-story medical office of 21,670 square feet, including patient exam and treatment rooms, as well as imaging, physical therapy and dentistry. There would be 42 parking spaces, including some on the first floor underneath the building.

This would be the seventh location for One Health Medical Center, all of them in Miami-Dade County. It focuses on caring for seniors, which is a big business considering the growth of the elderly population in the county.

 

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