The health system closed on the deal Nov. 10. The plan to purchase the parcel was first announced in January.
In addition to the hospital, Orlando Health plans to develop an ambulatory surgery center, medical office, small hotel and retail space on the property.
A construction timeline for the campus, to be called Orlando Health Lakeland Health & Wellness, has not been set.
The purchase price of the land was not disclosed.
More articles on capital projects:
Banner Health opens 124-bed hospital
Baptist Health Care breaks ground on $615M campus
13 hospitals planning upgrades, expansions
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