Tampa General Hospital has agreed to buy three Bravera Health hospitals in North Tampa for $290 million.
The sale was announced by Community Health Services, the current owner of the three hospitals in Brooksville, Crystal River and Spring Hill. Once the sale closes, the Franklin, Tenn.-based company will no longer have a hospital or clinic in Tampa Bay, and the operator has seven hospitals in the Panhandle, Southwest Florida and the Keys. In 2020, CHS sold embattled Bayfront Health in St. Petersburg to Orlando Health.
Since 2016, CHS has been eliminating hospitals to focus on regional centers, according to a 2018 report by Healthcare Dive. The healthcare giant, which owns or leases 77 hospitals in 15 states, reported a net loss of $51 million attributable to shareholders in the first quarter of 2023.
Meanwhile, the sale is a major investment for Tampa General, which owns more than 100 properties in Florida, most notably a 1,040-bed hospital on Tampa’s Davis Islands. Other significant holdings include a 130,000-square-foot health care complex in Brandon and a rehabilitation hospital on Kennedy Boulevard, which added a 15,000-square-foot emergency center last month.
A smattering of Tampa Bay specialty clinics, surgical facilities, urgent care centers and cancer centers, as well as some properties in South Florida and Fort Myers, fill out the rest of Tampa General’s portfolio.
The Tampa hospital also operates in partnership with the University of South Florida’s Morsani College of Medicine, which has its own building on the Davis Islands campus.
Tampa General will add 372 beds to its network with the acquisition of the three hospitals. Bravera hospitals currently offer oncology treatments, surgeries, primary care and rehabilitation, among other services.
The sale will close by the end of the year, according to a CHS press release. A Tampa General spokesman said the company will not comment on the sale until the deal closes.