Tag Archive for: orlando health

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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West Orange Healthcare District Plans New Nonprofit And Office Building

The West Orange Healthcare District has plans for a new nonprofit and office building as part of its latest initiatives.

The Ocoee-based organization will create the Foundation for a Healthier West Orange, which will oversee Healthy West Orange, a health-related project launched in 2016 by the district, Orlando Health and Sarasota-based Observer Media Group Inc. The new nonprofit, in turn, will launch a new community resource center in 2020 called the Healthy User Bulletin Board (HUBB), which will help area residents find access to local health care and wellness services.

“There are a whole host of organizations delivering health and wellness programs in our community, but not everyone is aware of them, and if they are, they don’t necessarily know how to access them,” West Orange Healthcare District CEO Tracy Swanson said in a prepared statement. “HUBB will bridge the gap between these programs and the people who can benefit from them.”

With the new nonprofit will come a new building to house the Foundation for a Healthier West Orange and West Orange Health Care District in Winter Garden at the corner of Plant Street and Southwest Crown Point Road, a West Orange Healthcare District spokeswoman told Orlando Business Journal. Construction started on the $4.5 million, 25,000-square-foot building in August 2019 and should be completed in spring 2020.

Notably, more than half of the building’s space will be leased to local organizations and businesses, with the earnings from that going to the foundation’s operations. Orlando-based Baker Barrios Architects is the architect for the project, while Orlando-based McCree General Contractors and Architects general contractor.

Initial funding for the new foundation will come through two grants. The first, a $10 million grant, will establish and staff HUBB for its first three years as well as expand Healthy West Orange programs and outreach. The second grant, which totals $40 million, will create an endowed fund whose earnings will fund the organization’s programs from year four onward.

The district, which was founded 70 years ago, will keep its community health care grants program going. The organization has awarded more than $180 million in local grants, including the two grants to the new foundation.

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Orlando Health Snaps Up 28 Acres In Osceola County

Orlando Health is setting up another potential expansion into Osceola County after closing on the purchase of a property near Interstate 4.

The $3.4 billion nonprofit health care provider bought a 28-acre parcel at 8011 Osceola Polk Line Road in Davenport near the Polk County line. The property, sold by EHOF Acquisitions II LLC for $14.4 million, previously was reported as a 25-acre parcel when Orlando Health went into contract on the property last July.

Currently the hospital is developing plans for the parcel and does not have a dedicated use set for it yet, Orlando Health spokeswoman Kena Lewis told Orlando Business Journal.

Orlando Health’s property will be part of a 108-acre mixed use development called Reunion Village. That project, owned by Encore Capital Management, currently is seeking hotels, shops, grocery and other concepts to be part of a 200,000-square-foot retail center, according to a LandQwest listing on the proposed development.

Meanwhile, the health care provider has locked up several other Central Florida properties in the past year:

• On Nov. 19, it paid $1.64 million for a roughly 1-acre parcel with an existing 18,000-square-foot office building at 1300 S. Division Ave., north of Kaley Avenue near its Orlando Regional Medical Center Campus.

• On May 25, it acquired a two-story, 72,000-square-foot building at 1000 W. Broadway St. in Oviedo from Oviedo Medical Properties LLC for $22.2 million, which it will use as medical office space.

• On Sept. 28, it bought a 1.5-acre parcel with a 30,000-square-foot warehouse at 1402 Sligh Blvd. for $2.03 million in downtown Orlando, which it previously leased from the seller, rail company CSX Corp. (Nasdaq: CSX).

• On June 18, it bought a vacant half-acre lot at 121 W. Copeland Drive in downtown Orlando for $833,500.

• Also in June, it purchased 15.13 vacant acres on the northeast corner of Dowden Road and Randal Park Boulevard in the Lake Nona area for roughly $9.9 million, where it will build a $140 million-$160 million hospital that already has gotten state approval.

• On Dec. 14, it bought 51 acres of former grazing land at 5401 Effie Drive in Apopka for $1.48 million from Orlando Beltway Associates Plymouth Sorrento LLC.

Orlando Health also expanded its footprint in Osceola with the $32 million, 60,000-square-foot Orlando Health Emergency Department & Medical Pavilion – Osceola County it opened at 1001 E. Osceola Parkway in Kissimmee on Jan. 3. That facility’s future phase 2 eventually will include a second 60,000-square-foot medical pavilion.

Orlando Health’s eight Central Florida hospitals have a total of 3,300-plus beds. It has the area’s only Level One Trauma Centers for adults and children, and is a teaching hospital system. Its hospitals are: Orlando Regional Medical Center, Dr. P. Phillips Hospital, South Seminole Hospital, Health Central Hospital, the Arnold Palmer Hospital for Children, Winnie Palmer Hospital for Women & Babies, South Lake Hospital and St. Cloud Regional Medical Center. It also owns 10 urgent care centers in the region, as well as several cancer centers, freestanding ERs and more. It is one of the region’s largest employers, with 23,000 workers.

 

Source:  OBJ

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