On August 1, Orlando Health announced that it entered a partnership with Florida Medical Clinic (FMC).
FMC is a multi-specialty physician group consisting of 54 locations, more than 350 providers, 40 medical specialties and a team of more than 2,000 employees.
Orlando Health is a not-for-profit healthcare organization with $8.1 billion of assets under management. The 238-bed system includes 23 hospitals and emergency departments. The system includes specialty institutes, primary care and more among its suite of inpatient and outpatient services. More than 4,200 physicians, representing more than 100 medical specialties and subspecialties, have privileges across the Orlando Health system, which employs more than 25,000 team members. During fiscal 2022, Orlando Health saw 142,000 inpatients and 3.9 million outpatients. The company reported $5.2 billion in 2022 revenue.
This transaction expands Orlando Health’s presence into Hillsborough and Pasco counties. The financial terms of the partnership were not disclosed.
According to data captured in the LevinPro HC database, this transaction represents the 325th Physician Medical Groups acquisition of 2023.
