Steward Health Care System Acquires Five Tenet Healthcare Florida Hospitals In Miami-Dade And Broward County

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The hospitals include North Shore Medical Center, Coral Gables Hospital, Hialeah Hospital and Palmetto General Hospital in Miami-Dade County and Florida Medical Center in Broward County.

The deal brings the total number of hospitals under Steward to 44 worldwide.

“I am humbled by the opportunity to expand our footprint in my beloved home state. We know there are health challenges here and we are eager to work with local leaders to address them together,” said Steward’s CEO Dr. Ralph de la Torre.

The deal more than doubles Steward’s presence in Florida, which includes Melbourne Regional Medical Center, Rockledge Regional Medical Center and Sebastian River Medical Center.

Overseeing the new hospitals is Dr. Sanjay Shetty, Steward’s president of North America. Shetty has held numerous leadership roles at the healthcare system and helped expand its presence across the U.S. He also helped oversee the establishment and implementation of clinical protocols at Steward for addressing challenges created by the COVID-19 pandemic.

The pandemic is one of the motivating factors behind Steward’s desire to expand its presence. It previously motivated the healthcare system in March 2020 to open the first dedicated care center in the U.S. for COVID-19 patients at Carney Hospital in Boston.

“Steward understands that combatting the resurgence of the COVID pandemic in South Florida is our most urgent and immediate priority,” said Shetty. “Already, we have begun to redeploy PPE, ventilators, and other vital supplies needed for the care of COVID patients from our other facilities throughout the country to hospitals in this market.”

Steward annually cares for 12.3 million patients at hospitals, urgent care centers, skilled nursing facilities, multispecialty physician practices and behavioral health service facilities across the U.S., Colombia and Malta. It employs more than 5,500 clinicians and 43,000 healthcare professionals.

Tenet’s ambulatory facilities operated by United Surgical Partners International in these areas are not included in the transaction and will remain with Tenet.

No financial details were disclosed. 

 

Source:  DotMed

 

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Stellar Breaks Ground On Sprawling Florida Health Campus

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Stellar has broken ground on the new Flagler Health+ campus in St. Johns County’s Durbin Park development.

The 42.5-acre health and wellness campus will feature a state-of-the-art hospital and outpatient surgery center as well as the signature Flagler Health+ Village concept.

Stellar, which provides award-winning construction management at-risk, design-build and general contracting services for a range of commercial and public sector markets, has partnered with architectural firm Gresham Smith for the six-year campus project. Outpatient clinical services are slated to open in early 2023, with completion of the entire three-phase project expected in 2027.

“Stellar is proud to be the design-builder for this new comprehensive health and wellness campus,” said Richard Lovelace, Senior Vice President, Commercial at Stellar. “After building two Health Villages for Flagler Health+ at Murabella and Nocatee, we are proud to continue our partnership and help bring innovative medical care to the Durbin Park community.”

The health village will incorporate family medicine, specialty care, urgent care, imaging, laboratory services, healthy lifestyle programming and community engagement space with an emphasis on integrating nature and technology to enhance experiences. Flagler Health+ Durbin Park will also include a premier wellness facility, walking trails and retail offerings.

“We are creating a premier health and wellness destination. The campus has been designed to create a sense of community, deliver uniquely personalized experiences, and achieve the best possible health outcomes for all people,” stated Flagler Health+ President and CEO Jason Barrett. “We are proud of our 130-year legacy of service to St. Johns County and look forward to further advancing physical, social and economic health for area residents with this new offering.”

The property is located between Interstate 95 and State Road 9B and is part of GATE Lands’ larger Durbin Park Development.

Flagler Health+ purchased the property located between Interstate 95 and State Road 9B from GATE Lands, the real estate subsidiary of GATE Petroleum Company. It is anticipated that the campus will add approximately 1,300 jobs to the area at completion of its buildout.

 

Source:  HC+O News

 

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Scripps Florida, University Of Florida In Talks To Merge Biomedical Research Operations

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Scripps Research is in talks to merge its Jupiter-based biomedical operation with the University of Florida‘s academic health center’s research division in a relationship that pairs private and public institutions.

In 2003, Scripps expanded to Florida on a 30-acre campus adjacent to Florida Atlantic University. Officials said Thursday this merger will spur cooperation with other institutions in Florida, including FAU.

Florida paid Scripps $310 million to open a Florida lab in an effort to entice biotech firms to the state, and Palm Beach County added $269 million.

Then Gov. Jeb Bush had envisioned 50,000 jobs in 15 years. Though the goal has not been met, Max Planck Florida Institute for Neuroscience later came to Jupiter. Scripps has grown to 40 faculty-led laboratories supported by a 500-member team, achieving the promising of that many jobs.

In addition, Palm Beach County bought 70 acres of vacant land for $70 million across from Scripps in Palm Beach Gardens with an intention of developing a “biotech village.” Scripps has been leasing the land, known as the Briger tract, for $1 per year and an option to have the deed transferred to the biotech company. The property hasn’t been developed and other portions of the Briger property have been sold for commercial and resident development, according to the Palm Beach Post.

Officials predict the University of Florida-Scripps relationship will generate additional jobs in expanding economic development.

“Our shared vision for propelling biomedical research forward is based on the great mutual respect our two institutions have for each other,” said Dr. Peter Schultz, Ph.D., president and chief executive officer of Scripps Research based in La Jolla, California.

 

“UF is an outstanding partner for Scripps Florida — the two institutions have complementary basic and translational research capabilities and strengths which, when combined, will enhance their collective reputation and impact on Florida,” Schultz added. “We have built an outstanding research institute in Scripps Florida with generous support from the state and from local communities and we believe it will have its biggest impact on Florida and greatest opportunity for further growth as part of UF, one of the country’s leading research and educational institutions.”

Shared research could potentially include cancer, drug discovery, immunology and infectious disease, neuroscience, including Alzheimer’s disease and other aging-related disorders, as well as and structural biology and molecular medicine.

UF has spent $942 million in research expenditures during the past fiscal year, including $143 million in National Institute of Health grants, which is tops in the state. Scripps has received $33 million from NIH.

UF already has research collaborations with Scripps.

The agreement will build on that relationship by capitalizing on each of their strengths, said Dr. David R. Nelson, M.D., senior vice president for health affairs at UF and president of UF Health, the university’s academic health center.

UF and Scripps Research plan to name Patrick Griffin, Ph.D., to lead the joint operation. Griffin is now chairman of the department of molecular medicine at Scripps Florida and directs its Translational Research Institute.

“Our shared vision focuses on improving the health of humanity and developing innovations to optimize quality of life,” Nelson said. “With this venture, we will both be positioned to take medical research to the next level in a way that is win-win for the people of Florida and beyond.”

University of Florida President Kent Fuchs said this relationship can spur relationships with other state university-system institutions, including FAU and Florida International.

“This would be the next logical step, adding to the impact Scripps Research has already made in Florida,” Fuchs said. “They have been great stewards of the state’s investment in biotech, and we look forward to partnering on this next phase to add value and grow additional research and tech collaborations.”

 

“This news is welcome because it aligns with the commitment of Florida’s public universities to work together for the greater good. FAU is looking forward to expanding on our existing collaborations with UF and Scripps Florida by identifying educational and research opportunities that leverage our shared strengths,” FAU president John Kelly, Ph.D., said. “These include exploring common interests in areas like autism, neuroscience, molecular biology and data science to advance medicine.”

The University of Florida has collaborated with FAU and other universities on the 1Florida Alzheimer’s Disease Research Center.

In 2020, 1Florida ADRC received a five-year $15 million NIH grant to expand its work with a heightened focus on further understanding dementias in diverse populations.

The University of Florida and FAU also have collaborated on the NIH-funded National Drug Early Warning System coordinating center to identify emerging drug abuse trends.

Scripps announced in March one of its researchers, Dr. Michael Farzan, was in the process of developing a COVID-19 vaccine that is broken down to powder, shipped to delivery sites without refrigeration and mixed with water before injecting individuals.

Farzan is the chairman of the Department of Immunology and Microbiology at the Scripps Research Institute.

 

Source:  WPTV

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The Villages Preps Large Mixed-Use Development Anchored By Hospital

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A $100 million-plus mixed-use development with a hospital is in the pipeline for The Villages near the border of Lake and Sumter counties.

The Villages Development Co. LLC — tied to the 35,000-acre retirement community that spans three Florida counties — is seeking Lake County job creation incentive funds for a 435-acre, multi-phase project. It will be built near the Florida Turnpike and County Road 470, with approximately 240 acres in Lake County and 195 acres in Sumter County. Development of the first phase is expected to kick off in late 2021 or early 2022.

Lake County commissioners initial approved the economic development incentives in December 2020, when the project was referred to as “Project Go West.” The final agreement is set to go before the Lake County Commission on July 27.

The large-scale, mixed-use project would have a “Wellness Village” anchored by a regional hospital and aims to include targeted industries such as health care, translational science, research, academic, regional retail and commercial facilities. It will be built in phases by the applicant and other end-users recruited by the applicant.

 

Click here to read more about this story.

 

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University Community Medical Plaza Sells

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Marcus & Millichap announced the sale of University Community Medical Plaza, a two-story, 20,299-square foot office property on a 2.68-acre lot located in Tamarac.

The asset sold for $4,700,000.

Alex D. Zylberglait and Michael Crocchiola, investment specialists in Marcus & Millichap’s Miami office, had the exclusive listing to market the property on behalf of the seller, a limited liability company.  The buyer, a private investor, was secured and represented by Zylberglait and Crocchiola.

“The Buyer will benefit from the stability of the tenancy and the upside in rents in this strong suburban market,” noted Zylberglait.

The property offers a unique opportunity for the investor to acquire an office building in a highly sought-after metro with ample parking backed by an established tenant roster consisting of medical professionals and specialists with generous lease terms and annual rent escalations.

University Community Medical Plaza is located at 7401 N University Dr. in Tamarac. The medical office building is adjacent to University Hospital and Medical Center; a large 317-bed medical facility awarded the Gold Seal of Approval™ from the Joint Commission. The Joint Commission is a leader in the accreditation and certification of health care organizations.

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