- November 26, 2024
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BUYER: West Florida-MHT LLC
SELLER: Memorial Hospital of Tampa LP
PROPERTY: 2901 and 2919 W. Swann Ave. and 2618, 2829 and 2835 W. De Leon St., Tampa
PRICE: $32.31 million
PREVIOUS PRICE: $34.63 million, October 1999
LAW FIRM ON DEED: Waller Lansden Dortch & Davis LLP, Nashville
SELLER: Town & Country Hospital LP
PROPERTY: 5901, 5917, 5919, 5941, 5943 and 6001 Webb Road, Tampa
PRICE: $16.19 million
PREVIOUS PRICE: $23.73 million, October 1999
SELLER: Palms of Pasadena Hospital LP
PROPERTY: 1501 Pasadena Ave. S., South Pasadena
PRICE: N/A
PREVIOUS PRICE: $44.1 million, November 1999
PLANS, DESCRIPTION: HCA West Florida purchased three Florida hospitals in the Tampa Bay area from IASIS Healthcare LLC. HCA West Florida purchased Memorial Hospital of Tampa and Town & Country Hospital for a combined $48.5 million. As of deadline, the sale of the Palms of Pasadena Hospital had not been recorded with the Pinellas County Clerk of the Circuit Court.
Palms of Pasadena Hospital is a 307-bed, 185,000-square-foot medical facility. Town and Country Hospital contains 176,000 square feet of space with 201 hospital beds, and Memorial Hospital of Tampa has 132,119 square feet and 183 beds. The business operations portion of the sale also included several physician practices with leased offices.
Following the sale, HCA West Florida has a total of 19 hospitals, 16 ambulatory surgery centers and more than 19,000 employees in West and Central Florida.
“We look forward to providing these three hospitals [with] our advanced systems and quality programs,” Peter Marmerstein, president of HCA's West Florida territory, says in a press release. “Over the coming months we will explore ways to enhance their services and expand access to specialized health care in our communities.”
Franklin, Tenn.-based IASIS Healthcare announced it planned to use the proceeds from the sale in a variety of strategic initiatives aimed at, among other things, growing in existing markets and expanding into new markets.
