The Tallahassee City Commission approved the transfer of city-owned Tallahassee (Fla.) Memorial HealthCare assets to Florida State University, also in Tallahassee, March 11, clearing the path for the development of an integrated academic health center.
The city commissioner accepted the proposed memorandum between the two parties in mid-January.
FSU will assume ownership of the hospital property under the agreement while TMH will operate the facility under a long-term lease, maintaining responsibility for hospital employees, operations and patient care, according to a March 11 news release.
TMH’s longstanding charity-care commitments will be continued through city deed restrictions, and FSU will be required to maintain the property as a hospital in perpetuity.
A 140,000-square-foot FSU Health Research Center on the Tallahassee Memorial campus is currently under construction, highlighting the longstanding collaboration between both parties.
“TMH and Florida State University are continuing to work together to reach consensus as we carefully finalize the agreements that will guide our long-term partnership,” Mark O’Bryant, CEO of Tallahassee Memorial HealthCare, said in the release. “These negotiations are being approached with a shared commitment to the future of healthcare in our community.”
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