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Serving Pasco since 1981/Serving Lutz since 1964

Community Health Systems

Adventist Health System to buy Bayfront Health in Dade City

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Adventist Health System, which is the parent company of Florida Hospital, signed an agreement to buy the 120-bed Bayfront Health Dade City Hospital, according to a news release from Adventist Health System.

The deal is expected to close in early 2018.

Details on the sales price weren’t disclosed.

The sale will include the hospital, at 13100 Fort King Road, as well as physician clinic operations and outpatient services.

“Finding a partner to allow a seamless medical care experience for our patients is important,” said Linda Stockton, in the news release. “Florida Hospital can bring their experience to build on our history of service and success.”

Bayfront is owned by Community Health Systems.

The sale is the “best plan for the future of Bayfront Health Dade City, according to the news release.

“Bayfront Health is a valuable asset to Dade City and its residents, and we want to continue the long history of providing essential care in that facility,” Mike Schultz, chief executive officer of the Adventist Health System West Florida Division, said in the release.

In recent years, Community Health Systems has struggled financially, and has been selling its hospitals.

A new release from Community Health System issued in November previewed “additional planned divestures,” based on $110 million loss in the third quarter of 2017. That was an increase over losses last year.

According to a news release, Bayfront Health in Dade City was one of those divestures.

About $40 million in losses for 2017 resulted from complete or partial shutdowns of some hospitals in Texas and Florida during Hurricanes Harvey and Irma, according to the company press release.

Published December 20, 2017

Nothing expected to change at Pasco Regional after takeover

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Pasco Regional Medical Center in Dade City is now under new ownership after a $7.6 billion buyout of its parent company.

Health Management Associates Inc., the Largo-based company that owns Pasco Regional and 22 other hospitals in Florida, was sold to Community Health Systems Inc., in a deal announced July 30.

For the first time in 13 years, Pasco Regional Medical Center — soon to become Bayfront Health Dade City — has a new owner. But the deal is not expected to finalize until the end of the year.
For the first time in 13 years, Pasco Regional Medical Center — soon to become Bayfront Health Dade City — has a new owner. But the deal is not expected to finalize until the end of the year. (Photo by Michael Hinman)

Once completed, Community Health Systems will own 25 hospitals in Florida, and 206 nationwide. Before the takeover, Nashville, Tenn.-based Community Health had just two hospitals in Florida, with the closest in Lake Wales.

“We are pleased that this combination will create an even stronger organization for the benefit of our patients, physicians, associates and the communities we serve,” said William J. Schoen, chairman of the board for Health Management, in a release.

The purchase will likely not affect the upcoming name change for the local hospital, which will become Bayfront Health Dade City, according to a Community Health Systems spokeswoman. Tomi Galin referred questions to Health Management spokesman Eric Waller, but added that the acquisition won’t be completed for “several months.”

Waller released a statement about the acquisition that didn’t address any previously announced name changes for the hospital. Instead, he made it clear that no immediate changes were planned for the Dade City hospital in light of the purchase.

“The combination of Health Management and CHS is not expected to impact local hospital operations,” he said. “Our deep commitment to providing the highest quality patient care will not change.”

Pasco Regional announced the name change early last month, before the deal to purchase the hospital chain was finalized.

The Dade City hospital has been through several name changes over the years. It was originally founded in 1973 as Community General Hospital, but was renamed Humana Hospital-Pasco in 1982, according to the facility’s website. In 1993, after the Columbia network of hospitals purchased it, the name was changed to Dade City Hospital.

Five years later, the name was changed again to Pasco Community Hospital, and then was renamed Pasco Regional Medical Center not long after Health Management purchased the hospital in 2000 for $17 million.

The 120-bed acute care hospital is at 13100 Fort King Road in Dade City.