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Adventist Health System Enters into Agreement to Acquire Bayfront

December 5, 2017 (Dade City, FL) –Adventist Health System, the parent company of Florida Hospital, announced today it has signed an agreement for the purchase of substantially all of the assets of the 120-bed Bayfront Health Dade City hospital and its related outpatient services. The transaction is expected to be complete in the first quarter of 2018 and once official, the facility will join the West Florida Division of Adventist Health System.

“We are excited about the opportunity to offer advanced health care services in Dade City that match the needs of the community and deliver the Florida Hospital brand of inspired, whole person care,” said Mike Schultz, President and CEO of the Adventist Health System West Florida Division. Schultz said, “Bayfront Health is a valuable asset to Dade City and its residents, and we want to continue the long history of providing essential care in that facility.”

The due diligence and discovery process continues in order to allow for both Adventist Health System and Community Health Systems to best plan for the future of Bayfront Health Dade City.

“Finding a partner to allow a seamless medical care experience for our patients is important,” said Linda Stockton, Chief Executive Officer of Bayfront Health Dade City, “and Florida Hospital can bring their experience to build on our history of service and success.”

The sale of Bayfront Health Dade City includes the 120-bed hospital at 13100 Fort King Road, Dade City, FL, and physician clinic operations as well as outpatient services.

The transaction is subject to customary regulatory approvals. Until the transaction is complete,
current ownership will remain in place. Financial terms have not been disclosed.

About Adventist Health System
Adventist Health System is a faith-based health care organization headquartered in Altamonte Springs, Florida. A national leader in quality, safety and patient satisfaction, Adventist Health System's more than 80,000 employees maintain a tradition of whole-person health by caring for the physical, emotional and spiritual needs of every patient. With 45 hospital campuses and more than 8,300 licensed beds in nine states, Adventist Health System facilities incorporate the latest technological advancements and clinical research to serve more than five million patients annually. The full continuum of integrated care also includes urgent care centers, home health and hospice agencies and skilled nursing facilities. Each Adventist Health System facility operates independently in delivering care and services to best meet the needs of the local communities they serve. While each entity is unique, all remain united in one mission of Extending the Healing Ministry of Christ.

About Florida Hospital, West Florida Division of Adventist Health System
Florida Hospital, the West Florida Division of Adventist Health System, is a not-for-profit 1,295-bed hospital system composed of 9 hospitals including Florida Hospital Tampa/Florida Hospital Pepin Heart Institute, Florida Hospital Carrollwood, Florida Hospital at Connerton Long Term Acute Care, Florida Hospital North Pinellas, Florida Hospital Wesley Chapel, Florida Hospital Zephyrhills, Florida Hospital Heartland Medical Center Sebring, Florida Hospital Heartland Medical Center Lake Placid and Florida Hospital Wauchula. It also includes a free-standing ER in Palm Harbor. Part of the Adventist Health System, Florida Hospital is a leading health network comprised of 26 hospitals throughout the state. For more information, visit FloridaHospital.com.

About Bayfront Health Dade City
Located in Dade City, Florida, Bayfront Health Dade City is a 120-bed acute care hospital. With a medical staff of more than 150 physicians, representing 27 medical specialties, including bariatric weight loss, cardiology, emergency, gynecology, neurology, surgery and urology, the hospital helps its patients live longer, healthier and better lives. The hospital is accredited by the Joint Commission, is ranked in the top five percent nationally for general surgery, has a nationally accredited bariatric program, and serves as a designated primary stroke center. Since 1973, the hospital has provided residents of Dade City, Zephyrhills, Wesley Chapel, Pasco County and surrounding counties with quality healthcare, right here at home. For more information, visit BayfrontDadeCity.com.