OVIEDO, Fla. – A fairly common strategy being employed by health systems looking to enter new markets involves developing new freestanding emergency departments (FEDs) in anticipation of someday building new hospitals at the same sites.
Central Florida Regional Hospital in Sanford, Fla., which is part of Nashville, Tenn.-based HCA Holdings Inc. (NYSE: HCA), is using that strategy in Oviedo, just northeast of Orlando. The health system recently received word from the state that it can proceed with its proposed 80-bed Oviedo Medical Center on a 48-acre site at State Road 417 and Red Bug Lake Road.
Central Florida Regional has been operating a $9.7 million FED on the site since November 2013.
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