Becker's Healthcare August 29, 2024
Madeline Ashley

Dallas-based Steward Health Care filed an Aug. 28 notice, obtained by Becker’s, to designate Orlando (Fla.) Health as the successful bidder for its northern Florida assets.

The notice comes after Orlando Health entered into a binding asset purchase agreement with Steward on Aug. 14 to purchase Rockledge (Fla.) Regional Medical Center, Melbourne (Fla.) Regional Medical Center, Sebastian (Fla.) River Medical Center and some of Steward Medical Group’s practices in Northern Florida for $439.42 million in cash.

U.S. Bankruptcy Judge Christopher Lopez filed an order approving Orlando Health as a stalking horse bid and qualified bidder Aug. 22.

The Steward assets, referred to as “space coast hospitals” in...

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Topics: Health System / Hospital, Mergers & Acquisitions / JV, Provider, Trends
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