TGH Spring Hill

Last updated
TGH Spring Hill
Tampa General Hospital
TGH Spring Hill.png
TGH Spring Hill
Geography
Location Spring Hill, Florida, United States
Coordinates 28°26′15″N82°32′25″W / 28.43750°N 82.54028°W / 28.43750; -82.54028
Organization
Care system Private hospital
Funding Non-profit hospital
Type General hospital
Services
Emergency department Yes
Beds124 [1]
History
Former name(s)Spring Hill Regional Hospital
Bayfront Health Spring Hill
Bravera Health Spring Hill
Links
Website www.tghnorth.org
Lists Hospitals in Florida

TGH Spring Hill is a non-profit hospital in Spring Hill, Florida, United States owned by Tampa General Hospital. It was purchased from Community Health Systems in July 2023.

Contents

History

Regional Healthcare Inc. had Spring Hill Hospital built and equipped for $22 million. In October 1991, Spring Hill Hospital opened with 75 beds. This business venture failed, forcing Regional Healthcare Inc. to file for bankruptcy. [2]

In late May 1998, a bankruptcy judge approved the acquisition of Regional Healthcare Inc. by Health Management Associates. Also the hospital network signed a thirty-year lease with Hernando County for Spring Hill Regional Hospital. [3] Health Management Associates paid off $78 million of debt owned by Regional Healthcare Inc. to its creditors. It also paid Hernando County $300,000 each year in rent and it spent $25 million to make improvements on Brooksville Regional Hospital, Spring Hill Regional Hospital and PineBrook Regional Medical Center. [3] On June 3, 1998, Health Management Associates announced that it had finished its acquisition of Regional Healthcare Inc. [4]

In late June 2013, Spring Hill Hospital was rebranded by Health Management Associates to Bayfront Health Spring Hill. [5] On July 30, 2013, Community Health Systems agreed to purchase Health Management Associates for $7.6 billion. [6] [7] On January 24, 2014, the Federal Trade Commission approved the merger of Health Management Associates with Community Health Systems. [8]

On December 1, 2021, Bayfront Health Spring Hill rebranded to Bravera Health Spring Hill. [9] On July 24, 2023, Community Health Systems announced that Tampa General Hospital would purchase Bravera Health Spring Hill and two other Bravera Health hospitals for $290 million. [10] [11] [12] It was later adjusted to $294 million. [1] On December 1, 2023, Tampa General Hospital officially took over the management of Bravera Health. Bravera Health Spring Hill was rebranded to TGH Spring Hill and will be part of the TGH North division. [13] [14] [15]

See also

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References

  1. 1 2 "Community Health Systems Completes Divestiture Of Three Florida Hospitals to Tampa General Hospitals". Nasdaq . December 1, 2023. Retrieved December 4, 2023.
  2. ↑ Verrier, Richard (July 31, 1994). "Hernando watches warily as hospital plans buyout". Tampa Bay Times . Retrieved June 5, 2024.
  3. 1 2 Schatz, Amy (May 20, 1998). "Hospital purchase approved". Tampa Bay Times . Retrieved June 5, 2024.
  4. ↑ "HMA completes hospital deal". Tampa Bay Times . June 3, 1998. Retrieved June 4, 2024.
  5. ↑ "HMA Adds Bayfront Brand to 7 Hospitals". Becker's Hospital Review. June 28, 2013. Retrieved June 5, 2024.
  6. ↑ De La Merced, Michael (July 30, 2013). "Community Health Systems to Buy H.M.A. for $3.6 Billion". The New York Times . Retrieved June 4, 2024.
  7. ↑ Matthews, Anna (July 30, 2023). "Community Health Strikes Deal to Merge 2016 Hospitals" . The Wall Street Journal . Retrieved June 4, 2024.
  8. ↑ Du Bois, Shelley (January 26, 2014). "Community Health Systems completes purchase of HMA". The Tennessean . Retrieved June 5, 2024.
  9. ↑ MacNeil, Lisa (December 1, 2021). "Bayfront Health has rebranded as Bravera Health". Hernando Sun . Retrieved August 21, 2023.
  10. ↑ Muckle, Shauna (July 25, 2023). "Tampa General to buy 3 local hospitals from Tennessee company". Tampa Bay Times . Retrieved August 17, 2023.
  11. ↑ Georgacopoulos, Christina (July 25, 2023). "Tampa General to acquire three hospitals for $290 million" . Tampa Bay Business Journal . Retrieved December 4, 2023.
  12. ↑ Lagasse, Jeff (July 26, 2023). "Community Health Systems sells three hospitals to Tampa General for $290M". Healthcare Finance . Retrieved August 17, 2023.
  13. ↑ DeLisa, Caden (December 4, 2023). "Tampa General Hospital rolls out 'TGH North' division following acquisition of Bravera Health". The Capitolist . Retrieved December 4, 2023.
  14. ↑ Mayer, Rick (December 1, 2023). "Tampa General Hospital completes purchase of Bravera properties to form 'TGH North'". Health News Florida . Retrieved December 4, 2023.
  15. ↑ Hudson, Caroline (December 1, 2023). "Community Health Systems sells three Florida hospitals" . Modern Healthcare . Retrieved December 4, 2023.
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