AdventHealth continues to expand its footprint in Orange County’s fast-growing Winter Garden area — a region also known for its lack of hospital sites.
According a deed recently filed in Orange County, the health system paid $9.6 million for the freestanding emergency department building at 17430 Bali Blvd., which was recently completed by the publicly traded acute care hospital operator Community Health Systems, Inc.
The roughly 12,000-square-foot facility, called the Four Corners ER, opened its doors in March on the northwest corner of West Irlo Bronson Memorial Highway and Avalon Road.
Though it is located in Winter Garden, the facility is meant to serve residents in Orange, Osceola, Polk and Lake counties, according to a press release about its opening.
It was built originally as an expansion of CHS’ Heart of Florida Regional Medical Center in Davenport, which AdventHealth also purchased as part of a larger acquisition deal with CHS that includes its 160-bed Lake Wales Medical Center in Lake Wales.
According to a release issued by CHS, those deals transacted last week. The deeds for the two hospital sites in Polk County have yet to clear records.
During its development stage, the recently acquired emergency department was raved as one of the few freestanding emergency department planned for the Four Corners area, including a nearby 40,000-square-foot freestanding emergency department, dubbed the Orlando Health South Lake Hospital Joe H and Loretta Scott Emergency Room, at 16966 Cagan Ridge Blvd. in Clermont.
Because the recently acquired ER department falls within Winter Garden’s boundaries and not Clermont’s, it adds to AdventHealth’s recent activity in the city.
In March, the hospital system broke ground on its seven-story inpatient tower at 2000 Fowler Grove Blvd., next to its 24-bed AdventHealth Winter Garden emergency department, which opened in 2016.
The hospital is slated to be the first in Winter Garden, with a completion date set for 2021. Its 72,000-square-foot medical office building on campus is in the midst of filling up with primary care doctors and specialty practices, according to the Orlando Sentinel.
The new ER building falls in line with AdventHealth’s bullish growth through acquisitions and new development, and with its mission to bring emergency care close to home for residents across Central Florida, no matter where they live.
After the passage of Florida Legislature’s House Bill 21, which eliminates the requirement for hospitals to apply for a Certificates of Need (CON) to build new acute care facilities, Advent’s Central Florida CEO, Daryl Tol, told GrowthSpotter the company would continue to be aggressive in seeking opportunities.
The faith-based hospital recently opened a new hospital in Apopka and is seeking to build a new emergency building by the Daryl Carter Parkway and Palm Parkway intersection, just a few miles from Disney Springs. It also filed plans in March to expand the emergency department at its downtown Orlando campus by 45,000 square feet.
Meanwhile, CHS is working to pay off debt accrued by its $7.6 billion purchase of Florida-based Health Management Associates in 2014. The Heart of Florida Regional Medical Center hospital was part of Health Management Associates’ portfolio prior to CHS purchasing the company.
The deal with AdventHealth was part of an initiative by CHS to sell 55 hospitals across the United States to pay off debt.
CHS bought property on Bali Boulevard for $2.3 million in 2017.
Two more free standing emergency departments are in the pipeline for fast-growing Four Corners area within the ChampionsGate/Reunion submarket. Orlando Health will anchor the Reunion Village commercial plaza at the I-4 interchange, while HCA will take residence at the corner of ChampionsGate Boulevard and Ronald Reagan Parkway.
Have a tip about Central Florida development? Contact me at arabines@GrowthSpotter.com or (407) 420-5427, or tweet me at @amanda_rabines. Follow GrowthSpotter on Facebook, Twitter and LinkedIn.