Nicklaus Children's Hospital buys campus of former Miami hospital for $88M

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Miami-based Nicklaus Children's Hospital purchased the campus of the former Miami Medical Center for $88 million, according to South Florida Business Journal.

Miami Medical Center shuttered in October after suspending operations in 2016.

Though Nicklaus is a non-profit hospital, its for-profit investing arm —  Children's Health Ventures —  was a significant investor in the former Miami Medical Center.

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