Health Central in Ocoee, Fla., has decided to pursue a merger with either Orlando Health or Florida Hospital in Orlando, choosing not to move forward with a sale, according to an Orlando Sentinel report.
The board of the 171-bed hospital voted yesterday to reject purchase bids from Health Management Associates and HCA.
The hospital announced it would seek a partnership or a sale in August, and the four systems presented their proposals earlier this month.
The board is expected to choose between Orlando Health and Florida Hospital by March 1. Health Central has vowed $100 million for capital improvements over five years, while Orlando Health would provide $120 million in investments over five years, according to the report.
Read the Orlando Sentinel report on Health Central.
Read previous coverage on Health Central:
- Florida's Health Central Hospital Seeking Partner
- Florida's Health Central Considers Partnership Proposals From Four Hospital Operators
The board of the 171-bed hospital voted yesterday to reject purchase bids from Health Management Associates and HCA.
The hospital announced it would seek a partnership or a sale in August, and the four systems presented their proposals earlier this month.
The board is expected to choose between Orlando Health and Florida Hospital by March 1. Health Central has vowed $100 million for capital improvements over five years, while Orlando Health would provide $120 million in investments over five years, according to the report.
Read the Orlando Sentinel report on Health Central.
Read previous coverage on Health Central:
- Florida's Health Central Hospital Seeking Partner
- Florida's Health Central Considers Partnership Proposals From Four Hospital Operators