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Adventist Health expands Florida footprint

Bert Fish Medical Center in New Smyrna Beach, Fla., has joined the East Florida Region of Altamonte Springs, Fla.-based Adventist Health System.

In November 2014, Adventist was selected to acquire Bert Fish, and the organizations worked together over the last 16 months to finalize the agreement.

Under the agreement, Adventist will pay $40 million in cash to acquire the net assets of 112-bed Bert Fish and invest another $35 million into the hospital.

"The Board of Bert Fish, along with our employees and medical staff, are excited for our future with Adventist Health System," said Bert Fish Medical Center CEO Steve Harrell. "We are all pleased to see this agreement come to fruition and to officially join the Florida Hospital family."

With the transaction complete, Bert Fish has been renamed Florida Hospital New Smyrna. It will join the following five hospitals as a member of Adventist's East Florida Region: Florida Hospital DeLand, Florida Hospital Fish Memorial in Orange City, Florida Hospital Flagler in Palm Coast, Florida Hospital Memorial Medical Center in Daytona Beach and Florida Hospital Oceanside in Ormond Beach.

More articles on healthcare industry transactions:

WellStar pays $575M for 5 Tenet hospitals
HCA, Lahey advance bids for New Hampshire hospital
26 hospital transactions and partnerships in March

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