Under the terms of the agreement, the health systems will operate the “Connected City” under a single entity, West Florida Health. Officials said the goal of the 10-year plan is to build a wellness district which will include advanced research facilities, an innovation center, a hospital and a health and performance institute.
The wellness district will also provide patients access to telemedicine services, streamlined patient-focused medical facilities and the ability for experts to collaborate with clinicians around the world.
“At Florida Hospital, we believe innovative partnerships are key to transforming healthcare. Together, we are creating a wellness destination that will combine high-speed technology and the next generation of medical services. It’s an exciting time for the Pasco County community,” said Mike Schultz, president and CEO of the west Florida division of Florida Hospital.
More articles on transactions and valuations:
Columbia University Medical Center and NewYork-Presbyterian partner with nonprofit to advance cancer research
Prime Healthcare, Accumen to partner
Wellmont, MSHA granted more time for COPA filing
At the Becker's 11th Annual IT + Revenue Cycle Conference: The Future of AI & Digital Health, taking place September 14–17 in Chicago, healthcare executives and digital leaders from across the country will come together to explore how AI, interoperability, cybersecurity, and revenue cycle innovation are transforming care delivery, strengthening financial performance, and driving the next era of digital health. Apply for complimentary registration now.