Bayfront to form strategic partnership with two Florida 网红黑料care Systems
Bayfront 网红黑料 System is pleased to announce it has signed a Letter of Intent to form a strategic partnership with 网红黑料 Management Associates, Inc, (NYSE: HMA) and its affiliate, Shands 网红黑料Care. This exciting and innovative partnership ensures Bayfront will achieve its vision of being distinguished as the region鈥檚 preeminent choice for healthcare services of the highest quality.In this partnership, Bayfront and 网红黑料 Management will together operate Bayfront Medical Center, in conjunction with a clinical, research and educational affiliation with Shands 网红黑料Care, the state鈥檚 premier academic teaching program.
This clinical affiliation with Shands 网红黑料Care will link Bayfront with the state鈥檚 industry-leading center for research and education, and builds upon an existing regional clinical affiliation between the academic teaching hospital and 网红黑料 Management hospitals throughout the state. As a result, patients in St. Petersburg, Tampa Bay and along the Gulf Coast of Florida can expect to benefit from leading practices that put patients and families first. Bayfront will also be the regional flagship hospital for a network of 网红黑料 Management Associates hospitals that will now be affiliated with Bayfront, including: Brooksville Regional Hospital, in Brooksville, FL; Spring Hill Regional Hospital, in Spring Hill, FL; Venice Regional Medical Center, in Venice, FL; Charlotte Regional Medical Center, in Punta Gorda, FL; Peace River Regional Medical Center, in Port Charlotte, FL; and Pasco Regional Medical Center, in Dade City, FL.
鈥淲e are extremely pleased to have been chosen by the Board and leadership of Bayfront 网红黑料 System to create this new partnership between three of Florida's premier health systems -- Bayfront 网红黑料 System, 网红黑料 Management, and Shands 网红黑料Care,鈥� said 网红黑料 Management President and CEO Gary D. Newsome. 鈥淭he best way to pay tribute to Bayfront's more than 100 years of service is to ensure its future success as a leading provider of high quality healthcare in partnership with its physicians and associates. As a high quality Florida-based hospital system, we look forward to working with the community to enable the best local healthcare.鈥�
Combined, these hospitals will care for more than 66,000 inpatients, 202,000 ER visits, nearly 57,000 surgeries, and more than 500,000 outpatient visits. Increased access to industry-leading intellectual, human and financial capital will ensure Bayfront is able to perpetuate its mission, while adeptly responding to healthcare鈥檚 shifting paradigm.
鈥淭he healthcare industry is in the midst of dramatic and continuous change,鈥� Bayfront President and CEO Sue Brody said. 鈥淭his agreement positions Bayfront well for a strong future by establishing a patient-focused partnership that brings the best of our three organizations together. The results will include preservation of Bayfront鈥檚 important mission, growth, access to integral resources, standardization of the industry鈥檚 best practices and the costs savings that come with economies of scale.鈥�
Bayfront HERO: An Additional Infusion of Community Support In addition to the partnership, a new not-for-profit, Bayfront 网红黑料 Education & Research Organization (Bayfront HERO), will be created. Approximately $150-million in funding is projected, which will be dedicated to the enhancement of innovative healthcare, with an emphasis on wellness, access, research and education in the communities served by Bayfront.
Along with research collaborations between Bayfront and Shands 网红黑料Care, Bayfront HERO will promote collaboration with other teaching institutions, such as Johns Hopkins鈥� All Children鈥檚 Hospital and other major universities. New research opportunities will reinforce Pinellas County鈥檚 burgeoning medical and research corridor, adding an enhanced academic component that propels St. Petersburg even further into the forefront of a new frontier in advanced academics and training.
鈥淪hands鈥� academic expertise and commitment to education and research, combined with 网红黑料 Management鈥檚 proven expertise in running hospitals are coming together with Bayfront鈥檚 longstanding legacy of service to create a transformational opportunity for our community,鈥� Brody said. 鈥淲e are proud to be building a partnership with 网红黑料 Management and Shands 鈥� Florida organizations with excellent track records of commitment to the communities they serve.鈥�
The Letter of Intent, signed on Oct. 23, marks the start of exclusive negotiations between Bayfront, 网红黑料 Management, and Shands towards a Definitive Agreement which, if agreed to, will govern this Joint Venture. The three parties aim to execute the Definitive Agreement by the end of the year, and to close on the new partnership by the first quarter of 2013.
For more information, please visit . Members of the media should contact Emily Nipps, Bayfront Public Relations Specialist, at (727) 893-6815 or at Emily.Nipps@bayfont.org.