Orlando Health has purchased the 480-bed Bayfront Health St. Petersburg (St. Petersburg, FL) from Community Health Systems. The St. Petersburg City Council approved new lease terms for the facility, which is on city property. The lease with Orlando Health will run for 50 years, with two 10-year options. The sale will likely be complete by Sept. 30. Read more. … [Read more...]
CHS to sell Bayfront Health St. Petersburg
Community Health Systems, Inc. (CHS) (Franklin, TN) announced that an affiliate of the company has signed a definitive agreement to sell 480-bed Bayfront Health St. Petersburg (St. Petersburg, FL) and its associated assets to a subsidiary of Orlando Health. Under the agreement, Orlando Health will assume responsibility for the long-term lease and operations of the hospital. … [Read more...]