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6201 N Suncoast Blvd, Cryst...

Updated Oct 29, 2024

Tampa General Hospital Acquires Bravera Health Network For $290M
SOLDHospital

Tampa General Hospital Acquires Bravera Health Network For $290M

6201 N Suncoast Blvd, Crystal River, Fl 34428, United States

$290,000,000

Building Size

—

Asset Type

Hospital

Closing

Jul 25, 2023

About this deal

AI

Tampa General Hospital is acquiring the Bravera Health network, including three hospitals and related businesses, for $290 million. The hospitals are located at 6201 North Suncoast Boulevard, 17240 Cortez Boulevard, and 10461 Quality Drive in the markets of Brooksville, Crystal River, and Spring Hill. This acquisition expands Tampa General Hospital's reach and enhances access to specialized care in Hernando County.

Summary of transaction details

  • Property Type: Hospital
  • Transaction Amount: $290,000,000
  • Address: 6201 North Suncoast Boulevard, 17240 Cortez Boulevard & 10461 Quality Drive
  • Market: Brooksville, Crystal River & Spring Hill
  • Buyer: Tampa General Hospital - John Couris
  • Seller: Community Health Systems Inc
  • Beds: 372
  • Price Per Bed (PPB): $779,571

The buyer in this transaction is Tampa General Hospital, represented by John Couris. The seller is Community Health Systems Inc. The deal was closed on 07/25/2023 and the sale price for the three hospitals and related businesses was $290 million. This acquisition by Tampa General Hospital allows for expansion and improved access to specialized care in Hernando County.

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$290,000,000

Hospital

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Players

Community Health Systems Inc
Community Health Systems IncSeller
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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.05%

Cash-on-Cash

-0.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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