After three months of negotiation, Flagler Health+ and UF Health have reached a definitive agreement to merge their two organizations together.
Flagler Health+ operates a 335-bed acute-care general hospital from an 80-acre site just south of the city limits of St. Augustine, Florida. It also owns a home health network, the Outpatient Surgery Center of St. Augustine, LLC., Flagler Professional Health Services, Inc. and CF Management Administrative Company, LLC, which provides a variety of outpatient health and urgent care services to the surrounding community.
Flagler had $355 million in revenue and $30.6 million in EBITDA, according to the health system’s annual report for the financial year ending September 30, 2021.
The University of Florida Health, part of one of the nation’s top five public research universities, consists of six health colleges, 10 research centers and institutes, 10 hospitals — including two teaching hospitals and five specialty hospitals — three veterinary hospitals, and a host of physician medical practices and outpatient services.
The organizations anticipate formally closing on the deal this summer and will then begin integrating Flagler Health+ into UF Health later this year.
