Agreement Signed for Tampa General Hospital to Acquire Bravera HealthPublished: Jul 24, 2023
Jul. 24, 2023 –Tampa General Hospital (an affiliate of Florida Health Sciences Center) has signed a definitive agreement to acquire the Bravera Health network, including Bravera Health Brooksville, Bravera Health Spring Hill and Bravera Health Seven Rivers and their related businesses, including physician clinic operations and outpatient services from subsidiaries of Community Health Systems, Inc. (NYSE: CYH).
“Tampa General Hospital is one of the nation’s leading academic health systems,” said John Couris, president and CEO of Florida Health Sciences Center. “With this acquisition, TGH is not only expanding its geographic footprint to meet the needs of our state’s growing population, but TGH is also increasing access for Floridians to the world-class rare and complex specialized care we offer.”
Tampa General is committed to providing patient safety, innovation, research, academics and clinical excellence ranging from the simplest to the most complex medical services. With a current geographic footprint that spans from Tampa Bay to Palm Beach, TGH serves the critically injured or ill patients from 23 counties across Florida. The system is recognized as one of the nation’s best hospitals, according to U.S. News & World Report, with seven specialties ranking among the best programs in the United States. As the primary teaching hospital for the USF Health Morsani College of Medicine, more than 700 residents and fellows are assigned to TGH for specialty training each year.
The transaction is subject to regulatory approvals and is expected to close later this year. Once the transaction is complete TGH will work with the local physicians on the medical staff and leadership to develop plans for the future.
“Tampa General Hospital is a well-respected healthcare system with a demonstrated commitment to delivering quality care to the patients they serve across the communities they serve,” said Linda Stockton, Chief Executive Officer of Bravera Health Seven Rivers. “Our tradition of delivering medical services close to home will continue thanks to the dedication and skill of our medical staff and employees.”
Serving Citrus and Hernando counties, the hospitals, outpatient clinics and physician offices of Bravera Health provided care to more than 300,000 patients last year.
Services offered at Bravera Health Brooksville include emergency medicine, orthopedics, cardiology, cardiac catheterization, general surgery, outpatient physical, occupational and speech therapy rehab centers.
Bravera Health Spring Hill offers women's services including labor and delivery and neonatology, emergency medicine, vascular and general surgery, ear, nose and throat, plastic surgery, urology, outpatient physical, occupational and speech therapy, and wound care.
Bravera Health Seven Rivers services include a dedicated orthopedic bone and joint center, cardiology, urology, general surgery, robotic-assisted general, gynecologic and bariatric surgeries, and a freestanding emergency department in Citrus Hills.