TGH Spring Hill
{{short description|Non-profit hospital in Spring Hill, Florida}}
{{Use mdy dates|date=January 2025}}
{{Infobox hospital
| Name = TGH Spring Hill
| Org/Group = Tampa General Hospital
| Image =
| Caption =
| Logo = TGH_Spring_Hill.png
| Logo Size =
| Location =
| Region = Spring Hill
| State = Florida
| Country = United States
| Coordinates = {{Coord|28|26|15|N|82|32|25|W|type:landmark_region:US-FL|display=inline,title}}
| HealthCare = Private hospital
| Funding = Non-profit hospital
| Type = General hospital
| Speciality =
| Standards =
| Emergency = Yes
| Affiliation =
| Founded =
| Closed =
| former-names = Spring Hill Regional Hospital
Bayfront Health Spring Hill
Bravera Health Spring Hill
| Website = {{URL|https://www.tghnorth.org}}
| Wiki-Links =
}}
TGH Spring Hill is a non-profit hospital in Spring Hill, Florida, United States owned by Tampa General Hospital. It was purchased from Community Health Systems in July 2023.
History
Regional Healthcare Inc. had Spring Hill Hospital built and equipped for $22 million. In October 1991, Spring Hill Hospital opened with 75 beds. This business venture failed, forcing Regional Healthcare Inc. to file for bankruptcy.{{Cite web|url=https://www.tampabay.com/archive/1994/07/31/hernando-watches-warily-as-hospital-plans-buyout/|title=Hernando watches warily as hospital plans buyout|last=Verrier|first=Richard|date=July 31, 1994|newspaper=Tampa Bay Times|access-date=June 5, 2024}}
In late May 1998, a bankruptcy judge approved the acquisition of Regional Healthcare Inc. by Health Management Associates. Also the hospital network signed a thirty-year lease with Hernando County for Spring Hill Regional Hospital.{{Cite web|url=https://www.tampabay.com/archive/1998/05/20/hospital-purchase-approved/|title=Hospital purchase approved|last=Schatz|first=Amy|date=May 20, 1998|newspaper=Tampa Bay Times|access-date=June 5, 2024}} Health Management Associates paid off $78 million of debt owned by Regional Healthcare Inc. to its creditors. It also paid Hernando County $300,000 each year in rent and it spent $25 million to make improvements on Brooksville Regional Hospital, Spring Hill Regional Hospital and PineBrook Regional Medical Center.
On June 3, 1998, Health Management Associates announced that it had finished its acquisition of Regional Healthcare Inc.{{Cite web|url=https://www.tampabay.com/archive/1998/06/03/hma-completes-hospital-deal/|title=HMA completes hospital deal|date=June 3, 1998|newspaper=Tampa Bay Times|access-date=June 4, 2024}}
In late June 2013, Spring Hill Hospital was rebranded by Health Management Associates to Bayfront Health Spring Hill.{{Cite web|url=https://www.beckershospitalreview.com/strategic-planning/hma-adds-bayfront-brand-to-7-hospitals-.html|title=HMA Adds Bayfront Brand to 7 Hospitals|date=June 28, 2013|website=Becker's Hospital Review|access-date=June 5, 2024}}
On July 30, 2013, Community Health Systems agreed to purchase Health Management Associates for $7.6 billion.{{Cite web|url=https://archive.nytimes.com/dealbook.nytimes.com/2013/07/30/h-m-a-to-be-sold-to-community-health-for-3-6-billion/|title=Community Health Systems to Buy H.M.A. for $3.6 Billion|last=De La Merced|first=Michael|date=July 30, 2013|newspaper=The New York Times|access-date=June 4, 2024}}{{Cite web|url=https://www.wsj.com/articles/SB10001424127887324809004578637571073835376|title=Community Health Strikes Deal to Merge 2016 Hospitals|last=Matthews|first=Anna|date=July 30, 2023|website=The Wall Street Journal|url-access=subscription|access-date=June 4, 2024}} On January 24, 2014, the Federal Trade Commission approved the merger of Health Management Associates with Community Health Systems.{{Cite web|url=https://www.tennessean.com/story/news/2014/01/27/community-health-systems-completes-purchase-of-hma/4935729/|title=Community Health Systems completes purchase of HMA|last=Du Bois|first=Shelley|date=January 26, 2014|newspaper=The Tennessean|access-date=June 5, 2024}}
On December 1, 2021, Bayfront Health Spring Hill rebranded to Bravera Health Spring Hill.{{Cite web|url=https://www.hernandosun.com/2021/12/01/bayfront-health-has-rebranded-as-bravera-health/|title=Bayfront Health has rebranded as Bravera Health|last=MacNeil|first=Lisa|date=December 1, 2021|website=Hernando Sun|access-date=August 21, 2023}}
On July 24, 2023, Community Health Systems announced that Tampa General Hospital would purchase Bravera Health Spring Hill and two other Bravera Health hospitals for $290 million.{{Cite web|url=https://www.tampabay.com/news/breaking-news/2023/07/25/tampa-general-buy-three-local-hospitals-tennessee-company/|title=Tampa General to buy 3 local hospitals from Tennessee company|last=Muckle|first=Shauna|date=July 25, 2023|newspaper=Tampa Bay Times|access-date=August 17, 2023}}{{Cite web|url=https://bizjournals.com/tampabay/news/2023/07/25/tgh-acquires-community-health-systems-hospitals.html|title=Tampa General to acquire three hospitals for $290 million|last=Georgacopoulos|first=Christina|date=July 25, 2023|newspaper=Tampa Bay Business Journal|url-access=subscription|access-date=December 4, 2023}}{{Cite web|url=https://www.healthcarefinancenews.com/news/community-health-systems-sells-three-hospitals-tampa-general-290m|title=Community Health Systems sells three hospitals to Tampa General for $290M|last=Lagasse|first=Jeff|date=July 26, 2023|magazine=Healthcare Finance|access-date=August 17, 2023}} It was later adjusted to $294 million.{{Cite web|url=https://nasdaq.com/press-release/community-health-systems-completes-divestiture-of-three-florida-hospitals-to-tampa|title=Community Health Systems Completes Divestiture Of Three Florida Hospitals to Tampa General Hospitals|date=December 1, 2023|website=Nasdaq|access-date=December 4, 2023}}
On December 1, 2023, Tampa General Hospital officially took over the management of Bravera Health. Bravera Health Spring Hill was rebranded to TGH Spring Hill and will be part of the TGH North division.{{Cite web|url=https://thecapitolist.com/tampa-general-hospital-rolls-out-thg-north-division-following-acquisition-of-brevera-health/|title=Tampa General Hospital rolls out 'TGH North' division following acquisition of Bravera Health|last=DeLisa|first=Caden|date=December 4, 2023|website=The Capitolist|access-date=December 4, 2023}}{{Cite web|url=https://health.wusf.usf.edu/health-news-florida/2023-12-01/tampa-general-completes-purchase-of-bravera-hospitals-to-form-tgh-north|title=Tampa General Hospital completes purchase of Bravera properties to form 'TGH North'|last=Mayer|first=Rick|date=December 1, 2023|website=Health News Florida|access-date=December 4, 2023}}{{Cite web|url=https://www.modernhealthcare.com/mergers-acquisitions/community-health-systems-sells-three-florida-hospitals|title=Community Health Systems sells three Florida hospitals|last=Hudson|first=Caroline|date=December 1, 2023|magazine=Modern Healthcare|url-access=subscription|access-date=December 4, 2023}}
See also
{{Portal|Medicine|Florida}}
References
{{reflist}}
Category:1991 establishments in Florida
Category:1998 mergers and acquisitions
Category:2014 mergers and acquisitions
Category:2023 mergers and acquisitions
Category:Buildings and structures in Hernando County, Florida
Category:Hospital buildings completed in 1991