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.
Population growth doesn’t immediately justify construction of a hospital. But residents still need physicians. Smaller medical office buildings can help bridge that gap by allowing health systems and physician groups to establish a presence closer to emerging patient populations.