Revenue Bonds to Finance Hospital

[champion6]

I'm not sure if I should post here or in Finances :confused:

From today's Daily Sun:
The Sumter County Commission approved an agreement Tuesday to issue revenue bonds to finance development of a new UF Health acute-care hospital in The Villages. In December, UF Health anticipated completing construction within 2.5 years. The planned bond issue also would retire the county's existing health care revenue bonds.

So, plans for a new hospital seem to be well underway -- estimated cost, location determined, timing prepared, etc. :coolsmiley:

[ficoguy]

Maybe its just the continuing absorption and expansion of the current Villages Hospital up there on 441

[thelegges]

I thought they were adding on. UF may need bigger departments for research if there is no CON then no more beds can be added

[champion6]

I thought they were adding on. UF may need bigger departments for research if there is no CON then no more beds can be addedThe December press release stated that a new hospital will be built.

"The Villages® and University of Florida Health announced their intent today to develop a comprehensive health care campus that will offer a full portfolio of education, research, and advanced health care and wellness services for The Villages community, including construction of a new general acute care hospital.
Full Press Release (https://ufhealth.org/news/2019/villages-uf-health-enter-exclusive-talks-transform-regional-health-care)

Also, the Florida legislature recently eliminated the requirement for a CON, Certificate of Need. In other words, the submission and review of a CON is no longer required before building a new hospital.

[ficoguy]

So without the CON its back to the glory days of 'build baby, build"