Tag Archive for: orlando health

$37 Million Medical Facility Coming To The West Side Of St. Pete

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Residents on the west side of St. Petersburg will soon have easier access to medical care thanks to Bayfront Health’s new state-of-the-art, $37 million facility currently under construction in the Crossroads neighborhood.

City and county officials joined leadership from Bayfront Health St. Petersburg and its parent company, Orlando Health, on March 26 to commemorate the completion of the foundation for the new Bayfront Health Emergency Room & Medical Pavilion – Crossroads. The four-acre site at 1800 66th St. N. will feature a three-story, 42,000-square-foot facility with a 14,000-square-foot emergency room on the ground floor. According to a release, the emergency department will include 12 exam rooms, two resuscitation rooms, six waiting areas and an ambulance bay.

Bayfront Health purchased the property, formerly home to a Department of Motor Vehicles (DMV) facility, in March of 2021. After partnering with Ryan A+E, Inc. and the City of St. Petersburg on a master plan, construction crews broke ground on the site in February. After congratulating all of the project’s stakeholders, Pinellas County Commission Chair Charlie Justice joked that it was also a sad day due to his nostalgic memories of waiting at the former DMV for hours.

“In Pinellas County, we have 24 cities and nearly a million people,” he said. “We know nothing happens without good partners and partnerships, and healthcare for a million people in Pinellas County is also a partnership.

“We’re incredibly grateful for Bayfront Health expanding their reach beyond their scope to now come out to the west side.”

Deputy Mayor Stephanie Owens said her experience in several levels of government, including two presidential administrations, provided a broad perspective on a variety of issues – especially health care. The most important work, she said, takes place locally in communities like St. Pete and through projects like the Crossroads Medical Pavilion.

Owens said the ceremony was more than a celebration for a concrete foundation as it highlighted continued investment in the city’s communities.

“As our city continues to grow, so does the need for increased services,” she added. “It’s partnerships like this that make me excited for the future of the city.”

City Councilmember Copley Gerdes represents District 1, which encompasses the site of the future medical pavilion. He also grew up less than a mile away and said he could hit a golf ball to his current home. Gerdes reminisced of playing sports in the area with his family as a child, which provided many opportunities for minor injuries. He said his family would soon have a shorter distance to travel when seeking care for future mishaps.

Gerdes also noted the large construction site for a new development was an unaccustomed view for residents on the west side of the city and said he hopes it spurs further growth.

“I really have a belief that a building like this can be the anchor for continued development on the west side of St. Petersburg,” he said. “And the great part about that is … giving quality healthcare to our side of town, as well.”

Dr. Traci Ryan, medical director for Bayfront Health’s emergency facilities, told the Catalyst that the Bayfront Health St. Petersburg Emergency Room would provide emergency medical care for those living within a 10-mile radius of the site. She said the organization’s closeness with the surrounding community sets it apart from other healthcare providers, and she also noted that many employees grew up in the area.

Ryan said Bayfront focuses on fostering good relationships between its patients and providers and makes a conscientious effort to quickly move patients through its emergency facilities.

“Nobody wants to spend their day in E.R.,” she added. “Generally, our wait times at our freestanding (clinics) are five or 10 minutes, and you’re in and out in … 120 minutes to less than 90 minutes.”

Bayfront Health St. Petersburg has provided health services for the city since 1910, and officials expect the Crossroads Emergency Room & Medical Pavilion to open in the spring of 2023.

 

Source:  St. Pete Catalyst

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Two-Building Medical Office Portfolio In Ocoee Trades

10125 & 10131 W Colonial Dr in Ocoee

Cushman & Wakefield has brokered the sale of the West Orange Professional Center, a portfolio of two medical office buildings located at 10125 & 10131 W Colonial Dr in Ocoee.

The two-story buildings are located directly across the street from the Orlando Health – Health Central Hospital campus. The 38,537-square-foot portfolio was 88.2% leased with a weighted average lease term of over 5.5 years. The property was acquired by OrbVest and SG Property Services. OrbVest is a global real estate company focused on acquiring healthcare real estate assets across the United States.

Anne Spencer and John Skinner with the Florida Healthcare Advisory Practice in partnership with Travis Ives and Gino Lollio of Cushman & Wakefield’s US Healthcare Capital Markets Team represented the seller, Miami-based Larkspur Properties, in the transaction.

“Desirably located adjacent to a major regional hospital facility, the property was a unique opportunity to acquire a dependable income stream from an esteemed tenant roster combined with a value-add opportunity in the lease-up of vacant space,” said Ives, Managing Director. “During the seller’s ownership, several new tenants were signed to the property that increased the overall occupancy and stability of the asset. This building and location offers exceptional synergy across the healthcare landscape.” 

 

Spencer, Director said, “Ocoee is part of the greater Orlando MSA, one of the fastest growing regions in the country for its fantastic climate, affordable housing stock and abundance of shopping and employment opportunities. This growth has led to the rising need and demand from medical users, and therefore investors. The market for medical space on and around the property is nearly fully occupied, putting this asset in great position for further potential future success.”

Orlando Health – Health Central Hospital is a 211-bed, general acute care hospital that features nationally accredited programs in orthopedics, spine and heart care. In addition, the hospital recently completed a 30,000-sf cancer treatment facility.

 

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Orlando Health Acquires Leesburg-Based Medical Group

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Orlando Health has made its first acquisition of 2021.

The nonprofit health care system — which has $7.1 billion in assets and $4.5 billion in annual revenue — closed a deal to acquire Leesburg-based FHV Health for an undisclosed price. The multispecialty medical group has 19 physicians and 10 locations, including primary care, cardiology practices and urgent care facilities in Lake, Sumter and Marion counties.

The group’s new name is Orlando Health Medical Group FHV Health. The acquisition will expand its presence in those three counties and advance FHV Health’s ability to provide services to patients, said Dr. Jose R. Rosado, vice chairman, in a prepared statement. FHV Health was founded in 1991 by Dr. David Lew, who is chairman. Its specialties include cardiology, general surgery, endocrinology, kidney disease, urology and primary care.

The 3,200-bed Orlando Health system includes 15 wholly-owned hospitals and emergency departments, as well as speciality care across several categories. Nearly 4,200 physicians have privileges across the Orlando Health system, which has about 22,000 employees. In fiscal 2020, Orlando Health served nearly 150,000 inpatients and 3.1 million outpatients.

 

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UCF Lake Nona Hospital Among New Local Facilities To Open In 2021

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A number of projects are expected to grow the presence of health care providers in the area this year.

Each of the region’s three largest health care systems — Orlando Health, AdventHealth and HCA Healthcare Inc. — are slated to open new facilities, including hospitals, medical office buildings and freestanding emergency rooms.

These established players aren’t the only ones with construction projects on the books. Jacksonville-based Brooks Rehabilitation plans to open a rehab hospital in Lake Nona, its first in the Orlando area.

Non-health care companies also have medical projects in the works. For example, Bentonville, Arkansas-based Walmart Inc. is bringing a new health care concept to a few of its local stores.

Medical construction projects like these represent opportunities to add construction jobs, as well as provide huge-value projects for companies. Additionally, new health care facilities are needed in areas where the population is growing.

One example is multinational construction firm Skanska signing a $64 million contract to build Orlando Health’s 370,000-square foot, $341 million Orlando Health Jewett Orthopedic Institute. The project — which is expected to be completed by second-quarter 2023 — will create roughly 1,000 temporary construction jobs along with 500 permanent health care jobs.

 

Source:  OBJ

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Bayfront Health St. Petersburg To Be Sold To Orlando Health

The city’s oldest and largest hospital, Bayfront Health St. Petersburg, is set to be sold to nonprofit health care company Orlando Health, pending a vote by the City Council on July 9.

Community Health Systems Inc., the private company which currently owns the 480-bed facility, announced it had signed an agreement with Orlando Health on Thursday. The news comes about a year after city officials raised concerns about the management of the hospital, which sits on city-owned land and provides care to all, regardless of insurance status.

Orlando Health will take over operations and the long-term lease that Community Health Systems holds with the city, so long as council members approve next month, a news release said. A copy of the proposed lease obtained by the Tampa Bay Times shows it would run for 50 years.

The agreement states Orlando Health must continue to “provide charity care to needy and underserved persons” and “those who may otherwise be unable to afford or obtain care due to various possible adverse circumstances.”

City councilman Robert Blackmon, who was born at Bayfront St. Petersburg, said Friday that continuing the charity care was a “sticking point” in negotiations with Orlando Health. He said he will support the agreement, as did councilwoman Darden Rice.

After a one-on-one conversation with the company’s president and CEO David Strong a couple of months ago, Blackmon said he is confident charity care will continue at the hospital — and be even better under new management.

He pointed to a string of troubles at Bayfront under Community Health Systems, which purchased it in 2013. The hospital has seen layoffs and resignations of top executives, the ending of a partnership with the University of South Florida, and a Department of Justice investigation related to charity care finances in recent years.

Already frustrated, city officials grew more so in early 2019, when then-Bayfront CEO Joe Mullany gave council members a glowing annual report that did not align with problems playing out in public view.

“We’ve had difficult times in the last few years,” Blackmon said. “Orlando Health is the best-situated group to bring (Bayfront) back to the excellence it was once known for.”

Rice called the sale the “only reasonable solution” to the ongoing issues at the hospital.

“Ultimately, the new ownership is what is best for our community,” she said.

The city’s other six council members did not respond to requests for comment Friday. Mayor Rick Kriseman was not available for an interview.

About 15,000 patients were served at Bayfront St. Petersburg in 2018, according to hospital records. As of July 2019, the hospital employed 1,839 people and had 171 open positions.

Officials for Orlando Health declined to be interviewed, instead releasing a statement that said the sale should be final by Sept. 30.

Peter Young, a hospital consultant based in Fort Myers, said Orlando Health, which operates the only Level 1 trauma center in the Orlando area, is in an “expansion moment” of “picking up the skeletal remains” of hospitals in need of rejuvenation.

The purchase of Bayfront St. Petersburg would be the nonprofit’s debut in the Tampa Bay area, and make it so the nonprofit owns 14 total hospitals, according to the Orlando Sentinel. The sale also would mark the second Community Health Systems hospital acquired by Orlando Health, as it purchased Osceola County’s St. Cloud Regional Medical Center in April, the Sentinel reported.

Community Health Systems, based in Tennessee, has sold more than 50 hospitals since 2017 to pay off debt related to its $7.6 billion purchase of Florida’s Health Managed Associates in 2014, according to the National Business Journal.

Bayfront officials declined to be interviewed, and the company released a statement by Sharon Hayes, chief executive officer of the St. Petersburg hospital:

“Orlando Health is well-respected for their work to sustain and enhance medical services, and we are excited to partner with them to benefit our patients and communities,” she wrote. “This is an extraordinary time in health care and together we will continue to provide quality care for our neighbors, friends and family.”

 

Source:  Tampa Bay Times

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