Orlando Health, a household name in the region’s health care community, which also opened a stand alone ER facility on Osceola Parkway in 2019, today completed its purchase of St. Cloud Regional Center.
Community Health Systems, St. Cloud Regional’s majority owner, announced Monday that it signed an agreement to sell its ownership interest in the 84‑bed facility and its associated healthcare operations to a subsidiary of Orlando Health.
The purchase includes both St. Cloud Regional and St. Cloud Medical Group. The transaction is expected to close this summer.
“We’ve watched Orlando Health as they’ve grown and developed in their services for a larger region and we’re proud of our affiliation,” St. Cloud Regional CEO Brent Burish said. “St. Cloud Regional Medical Center is an important part of our community and our patients can continue to count on us to provide safe, quality care.”
Mr. Burish, who has been CEO of St. Cloud Regional for a little over 6 years, is credited for large-scale growth and modernization at the hospital, as well as placing a large emphasis building community partnerships in the greater St. Cloud community.
It’s been a year of positive headlines for the St. Cloud Regional Medical Center, which is set to open its new 50,000 square foot, two-story addition of space for primary care, specialist offices, a walk-in clinic and retail pharmacy this summer.
Orlando Health is a not-for-profit healthcare organization with $5.6 billion of assets under management, with nearly 450 locations across nine Florida counties. That includes 13 wholly-owned or affiliated hospitals and emergency departments; rehabilitation services, cancer centers, heart institutes, imaging and laboratory services, wound care centers, more than 300 physician offices for adults and pediatrics, and 11 partnered urgent care centers.
In fiscal 2018, Orlando Health served approximately 167,000 inpatients, more than 2.7 million outpatients, and more than 20,000 international patients. The highly respected organization has the area’s only Level One Trauma Centers for adults and pediatrics, and its teaching hospital system offers both specialty and community hospitals. Nearly 3,600 physicians have privileges across the system, and is one of Central Florida’s largest employers with nearly 20,500 employees.
Orlando Health provides more than $620 million in total value to the community in the form of charity care, community benefit programs and services, community building activities and more.