Under the deal, Orlando-based Adventist will operate the hospital as part of a five-year lease agreement. In 2015, Adventist will have the option to purchase the hospital. Bert Fish CEO Bob Williams will retain his post.
Bert Fish has struggled financially despite a hospital tax rate that has nearly tripled since 2001, according to the report. The hospital announced plans to merge with Adventist in May, and was challenged by Port Orange, Fla.-based Halifax Health. Halifax argued that the merger would send more uninsured patients to public Halifax and offered $71 million to the ailing hospital. However, in the end, Bert Fish selected Adventist citing its greater resources.
Read the Daytona Beach News-Journal report on Bert Fish Medical Center.
Read other Becker’s coverage on Bert Fish Medical Center.
Halifax Health’s Late Push Fails to Pull Bert Fish Away From Adventist Health
Halifax Health Challenges Adventist in Florida’s Bert Fish Medical Center Takeover
Florida’s Bert Fish Medical Center Considers Merger, Affiliation
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