Orlando (Fla.) Health has purchased land in Lutz, Fla., to build a freestanding emergency room, with construction expected to begin in 2024. Financial details of the transaction were not disclosed.
The 10,865-square-foot facility will comprise 10 exam rooms, an imaging suite, lab and ambulance bay. It will serve patients 24 hours a day, seven days a week.
"Over the last decade, greater Pasco County has experienced tremendous population growth," Matt Taylor, senior vice president of asset strategy, said in a Dec. 15 news release. "The demand for convenient access to a wider range of choices in healthcare services has been increasing and continues to grow in this area."
Orlando Health, which reported $310.8 million in operating income in fiscal year 2023, is also adding a freestanding ER in Waterford Lakes and another in Longwood, Fla.
The 3,429-bed system includes 29 hospitals and emergency departments – 25 of which are currently operational with four coming soon, according to its website.
The freestanding ER market size is projected to grow from $11.6 billion in 2023 to $14.5 billion by 2028, according to a report from Mordor Intelligence.