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BayCare acquisition grows campus size by 75%

Clearwater, Fla.-based BayCare, a 16-hospital system, has purchased a 36-acre office parcel by its St. Joseph's hospitals' campus in Tampa to provide room for growth.

The acquisition includes three buildings and two parking garages and is adjacent to St. Joseph's, St. Joseph's Children's and St. Joseph's Women's hospitals. The acreage increases by more than 75% the health system's property holdings in the area.

Financial terms of the transaction were not disclosed. 

The nonprofit system plans to use the property to consolidate services from leased offices, expand BayCare Medical Group and provide a headquarters for its graduate medical education and research programs. 

"The opportunity to buy such a large piece of property contiguous to one of our largest medical campuses provides us the opportunity to expand important specialty services for our patients and communities," BayCare President and CEO Stephanie Conners said in a Feb. 4 news release. "This expanded campus will serve the entire region as a medical destination for specialty care."

BayCare plans to build a new facility for St. Joseph's Children's Hospital by 2030 and expand its GME programs to 650 residents by 2029 to help attract the top physician talent. 

"To have this many centrally located medical resources together in a single campus will deepen our region's access to BayCare's high-quality, compassionate care," BayCare COO Kimberly Guy said. "It will also create an environment that attracts the brightest medical professionals to care for our patients." 

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