Hospital Transactions & Valuation Issues
Sponsored by VMG Health | gregk@vmghealth.com / osullivan@vmghealth.com | 214.369.4888
Adventist – University Community Health Merger Official
September 01, 2010
Winter Park, Fla.-based Adventist Health System has officially merged with University Community Health in Tampa Bay, Fla., to form the Tampa Bay, Fla., region of the healthcare network, according to an Orlando Business Journal report.
The regional hospitals currently include University Community Hospital, University Community Hospital-Carrollwood, Pepin Heart Hospital & Dr. Kiran C. Patel Research Institute, the Long Term Acute Care Hospital at Connerton, Florida Hospital Zephyrhills and the upcoming Wesley Chapel Medical Center.
Adventist has committed $125 million in capital investment, $10 million to UCH's foundation and has agreed to handle UCH's debt and outstanding liabilities, according to the report.
Read the Orlando Business Journal report on the Adventist Health Systems and University Community Health merger.
Read related coverage:
- Florida's University Community Health to Merge With Adventist
- Florida's Helen Ellis Hospital Nears Merger With Adventist Health
© Copyright ASC COMMUNICATIONS 2011. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.