The property last traded for $72M in 2017.
It will include a nenonatal ICU, pediatric critical care, a pediatric neuro-ICU— the first in the state, according to Wolfson—a cardiovascular ICU and a burn and wound care unit.
It’s something Panama City Beach city leaders said is a much-needed addition to the growing community.
The new facility would total 222,000 square feet in 11 stories.
Over the last few decades, owning a medical facility has given physicians flexibility; however, divesting the real estate can create opportunities for the future.