The reason MPT agreed to let the Orlando Health stand as the “stalking horse bid” is that the parties have until October to settle on a final allocation of hospital assets – meaning that the successful bidder, Steward and MPT must sit down after the Sept. 10 auction to work out the division of the proceeds.
The $2.49 billion cash purchase will give McKesson about 70% ownership of Community Oncology Revitalization Enterprise Ventures, LLC (Core Ventures).
The medical center was 100% occupied at the time of the sale.
The 50,000-square-foot facility is on 3.53 acres on Stillwood Pines Boulevard, east of Resolution Drive and south of Butler Boulevard in Jacksonville.
Officials should break ground on the hospital in January and open in 2027.