“Munroe Regional Medical Center has a long history in this community and is a valuable asset to the region. We look forward to building on that and giving patients greater access to the Florida Hospital network of care,” said Mike Schultz, President and CEO, West Florida Division.
OCALA, Fla. (PRWEB) April 18, 2018
Adventist Health System, the parent company of Florida Hospital, announced today it has signed an agreement for the lease of 421-bed Munroe Regional Medical Center and its related outpatient locations and the purchase of certain assets. The transaction is expected to close during the third quarter, and once official, the facility will join the West Florida Division as the second largest hospital in the division and the third largest in Adventist Health System.
“We are excited to bring our unique brand of whole-person, faith-based care to this community,” said Mike Schultz, president and CEO, West Florida Division of Adventist Health System. “Munroe Regional Medical Center has a long history in this community and is a valuable asset to the region. We look forward to building on that and giving patients greater access to the Florida Hospital network of care.”
The Florida Hospital network includes 27 hospitals, 10 of which are in the West Florida Division and includes Florida Hospital Carrollwood, Florida Hospital at Connerton Long Term Acute Care, Florida Hospital Dade City, Florida Hospital Heartland Medical Center Lake Placid, Florida Hospital Heartland Medical Center Sebring, Florida Hospital North Pinellas, Florida Hospital Tampa, Florida Hospital Wauchula, Florida Hospital Wesley Chapel and Florida Hospital Zephyrhills.
Work to complete the transaction will take place over the next few months, allowing time for Adventist Health System and subsidiaries of Community Health Systems to plan for the future of the hospital and to ensure a smooth transition.
“Florida Hospital is a respected health care provider and becoming a part of their organization creates an exciting opportunity for the hospital to become part of a large regional network,” said Jim O’Loughlin, chief executive officer for Munroe Regional Medical Center. “Working together, we can continue the hospital’s commitment to care for the Marion County community, including the indigent and uninsured population, and to provide our patients with access to quality health care services.”
The transaction includes Munroe Regional Medical Center located at 1500 SW 1st Avenue, Ocala, Florida, 34471, as well as a free-standing emergency department and other outpatient locations.
The transaction is subject to customary regulatory approvals. Until the transaction is complete, current ownership will remain in place. Financial terms have not been disclosed.
About Florida Hospital, West Florida Division of Adventist Health System
The West Florida Division of Adventist Health System is currently comprised of nine acute-care hospitals including Florida Hospital Carrollwood, Florida Hospital Dade City, Florida Hospital Heartland Medical Center Lake Placid, Florida Hospital Heartland Medical Center Sebring, Florida Hospital North Pinellas, Florida Hospital Tampa, Florida Hospital Wauchula, Florida Hospital Wesley Chapel and Florida Hospital Zephyrhills, as well as two freestanding offsite Emergency Rooms including Florida Hospital Central Pasco ER and Florida Hospital Palm Harbor ER. Additionally, it has one post-acute care facility, Florida Hospital at Connerton Long Term Acute Care, over 45 multi-specialty Florida Hospital Physician Group practices, 15 Florida Hospital Express Care at Walgreens clinics and 6 Florida Hospital Centra Care Urgent Care Centers.
About Adventist Health System
With a sacred mission of Extending the Healing Ministry of Christ, Adventist Health System (AHS) is a connected system of care for every stage of life and health. More than 80,000 skilled and compassionate caregivers in physician practices, hospitals, outpatient clinics, skilled nursing facilities, home health agencies and hospice centers provide individualized, wholistic care. A Christian mission, shared vision, common values, focus on whole-person health and commitment to making communities healthier unify the system’s 46 hospital campuses and hundreds of care sites in diverse markets throughout nine states.
About Munroe Regional Medical Center
Munroe Regional Medical Center (MRMC) is a Joint Commission accredited 421-bed acute care hospital serving Ocala, Marion County and the surrounding area. MRMC offers 24/7 Emergency Care, Diagnostic Testing, Inpatient and Outpatient Surgery, Women’s Services including Labor and Delivery, a Level II NICU, Bariatric Weight Loss Surgery and Inpatient and Outpatient Therapy. Munroe Regional Medical Center also features a certified Chest Pain Center with specific accreditations for atrial fibrillation and heart failure.