On December 14, AdventHealth, a nonprofit health system based in Altamonte Springs, Florida, acquired a 3.88-acre property in Winter Park, Florida for $5 million from Backworks LLC, according to Orange County property records.
The Winter Park property located at 1605 W. Fairbanks Avenue features a 14,132-square-foot medical office building built in 2005. The previous owner, Backworks, acquired the property from Anita and Walter Gilmore for $1.6 million in 2003, according to the Orange County property appraiser. AdventHealth Winter Park, formerly Winter Park Memorial Hospital, is located about 3.1 miles from the property.
AdventHealth, formerly Adventist Health System, is a faith-based, nonprofit health care system that has 45 hospital campuses and more than 8,200 licensed beds in nine states. Adventist Health System was rebranded AdventHealth on January 2, 2019.
This is not the first time AdventHealth has shown interest in the Winter Park area. In August 2021, the health system bought units 32 through 53 at 1925 Mizell Avenue from Oviedo-based JRD Properties LLC. AdventHealth bought the units, totaling about 3,233 square feet, for roughly $760,000.
This has been a busy year for AdventHealth, which made its largest acquisition to date in May 2021 when it acquired Redmond Regional Medical Center, a 230-bed acute care hospital serving as a regional referral source for all of northwest Georgia and parts of Alabama, for $635 million. A month later, the health system announced the acquisition of Tampa Outpatient Surgical Center (TOSC), which is now owned and operated by AdventHealth Surgery Center Wellswood, LLC.
AdventHealth’s Central Florida Division had 20 hospitals and ERs in the seven counties in and around Orlando MSA and averaged 3.4 million patients annually, but the removal of Polk County from the Central Florida division will move two Polk-based hospitals to the West Florida Division, joining the recently acquired TOSC.
