Adventist Buys CHS' Bayfront Health
Franklin, Tennessee–based Community Health Systems' efforts to pare down its debts continues with the divestiture of Bayfront Health Dade City acute care hospital. CHS has sold four hospitals so far this year.
Debt-hobbled Community Health Systems has sold its 120-bed Bayfront Health Dade City hospital in Florida and its physician and outpatient services to Adventist Health System, the two hospital chains announced Monday.
Financial terms were not disclosed.
CHS said the Bayfront sale was a planned divestiture that was made public in a fourth-quarter earnings call. For-profit, Franklin, Tennessee–based CHS has sold four other hospitals so far this year in its ongoing efforts to pare down debt.
"Our organization is growing, and we are excited about the opportunity to deliver Christ-centered, wholistic care to those in Dade City and the surrounding areas," said Terry Shaw, president and CEO for Adventist Health System.
On Sunday, Bayfront Health Dade City was renamed Florida Hospital Dade City. It joins Adventist Health System’s West Florida Division, which includes Florida Hospital Carrollwood, Florida Hospital at Connerton Long Term Acute Care, 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.
Adventist named Jason Newmyer as administrator for Florida Hospital Dade City and vice president of nearby Florida Hospital Zephyrhills. Newmyer will oversee strategic development and operations at the hospital.
Florida Hospital Dade City is a primary stroke care center, with 150 physicians representing 27 medical specialties, including bariatrics, cardiology, emergency services, gynecology, neurology, surgery, and urology.
With the Dade City acquisition Adventist Health System now operates 27 hospitals in Florida.
Dade City is located about 40 miles northeast of Tampa.