Sponsored by VMG Health | info@vmghealth.com | 214.369.4888

HCA, Cleveland Clinic among finalists to take over Florida hospital

The two boards that oversee Vero Beach, Fla.-based Indian River Medical Center selected four finalists Friday to take over the hospital.

Indian River Medical Center received takeover bids from eight healthcare organizations, with HCA placing the highest bid of $415 million.

On Friday, the boards announced HCA, Orlando (Fla.) Health, Cleveland Clinic and Adventist Health System in Altamonte Springs, Fla., would have the opportunity to submit more in-depth proposals for the hospital in January, according to TCPalm.

Of the finalists, Cleveland Clinic was the only organization to receive unanimous support from the Indian River County Hospital District trustees.

The boards plan to make their final selection in late January or early February.

More articles on healthcare industry transactions:

Advisory Board finalizes $1.3B deal with UnitedHealth's Optum
Trinity Health to merge 2 of its Michigan health systems
TLC Health Network plans merger with Brooks Memorial Hospital

Copyright © 2023 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Whitepapers

Featured Webinars