AdventHealth has entered into an agreement to purchase two Polk County hospitals from Community Health Systems, 193-bed Heart of Florida Regional Medical Center in Davenport and the 160-bed Lake Wales Medical Center in Lake Wales.
Why this matters: CHS has sold more than 50 hospitals since 2017 to cure accrued debt from the $7.6 billion USD 2014 purchase of Health Managed Associates.
Details: The purchases include the hospitals’ related businesses, physician practices and outpatient services.
Notable quotes: “Polk County is one of Florida’s fastest-growing regions, and it’s important that health care services keep pace so these communities can also be one of the state’s healthiest.” -Daryl Tol, president and CEO of AdventHealth’s Central Florida Division
“AdventHealth is well-respected for their work to sustain and enhance medical services and we are excited to work with them to benefit our patients and community.” -Rebecca Brewer, CEO of Lake Wales Medical Center