Published on: April 03, 2012
Orlando Health completes acquisition of Health Central
New Board of Directors announced
Orlando, FL (April 2, 2012) - Orlando Health's acquisition of Health Central is complete. The $181.3 million sale became effective Sunday, April 1, 2012.
The acquisition creates a wholly owned subsidiary named Orlando Health Central, Inc. that will continue to operate the hospital under the Health Central name. A 13-member board of directors consisting of representatives from Orlando Health and west Orange County has been formed to govern the new entity. The board includes 11 voting members and two non-voting members. Board members are:
"This is an exciting time for Orlando Health and the west Orange community," said Sherrie Sitarik, president and CEO, Orlando Health. "Our acquisition of Health Central will not only make the Orlando Health family stronger, but will enhance the quality and delivery of healthcare across our community."
Health Central will continue to operate much like it has in the past, with its own policies and procedures but it will now be guided by the leadership of Orlando Health. Shannon Elswick, president of Orlando Health's adult hospital group, will serve as Health Central's interim president until a new president is selected to lead the hospital.
The acquisition supports Orlando Health's efforts to change the model of care patients receive at its hospitals and facilities by increasing collaboration among physicians, better integrating clinical activities, enhancing quality outcomes and providing extraordinary care. With the purchase of Health Central, Orlando Health is better able to provide west Orange County residents with convenient access to services in their own community, while expanding the number of key services available. The acquisition also helps ensure the long-term financial strength of both organizations.
West Orange County residents and visitors to the Health Central campus will begin seeing changes that reflect the new ownership this week when several landmark signs will be wrapped with messages welcoming Health Central to the Orlando Health family.
About Orlando Health
Orlando Health is a $1.8 billion not-for-profit health care organization and a community-based network of hospitals and care centers in the Orlando region. The organization, which includes the area's only Level One Trauma Centers for adults and pediatrics, is a statutory teaching hospital system that offers both specialty and community hospitals. They are: Orlando Regional Medical Center; Arnold Palmer Hospital for Children; Winnie Palmer Hospital for Women & Babies; Dr. P. Phillips Hospital; South Seminole Hospital; Health Central, South Lake Hospital (50 percent partnership); St. Cloud Regional Medical Center (20 percent partnership) and MD Anderson Cancer Center Orlando - the first affiliate of one of the nation's premier cancer centers, The University of Texas MD Anderson Cancer Center in Houston. Orlando Health's areas of clinical excellence are heart and vascular, cancer care, neurosciences, surgery, pediatric orthopedics and sports medicine, neonatology, and obstetrics and gynecology.
Orlando Health is one of Central Florida's largest employers with nearly 16,000 employees and more than 2,500 affiliated physicians, all of whom support our philosophy of providing high quality care and service that revolves around patients' needs. We prove this everyday with over 110,000 inpatient admissions and nearly 690,000 outpatient visits each year. In all, Orlando Health serves 1.6 million Central Florida residents and nearly 3,000 international patients annually. Additionally, Orlando Health provides approximately $239 million in support of community health needs. More information can be found at www.orlandohealth.com.
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