When Orlando Health bought Bayfront Health St. Petersburg, it got a lot more than just the largest hospital in the city.
The deal was a complex transaction that involved 14 separate deeds totaling $147 million. It made Orlando Health a significant property owner in St. Petersburg and Pinellas County.
The deeds – the legal documents that transfer ownership – were recorded in Pinellas County Thursday, one day after Orlando Health, a non-profit organization, closed on the purchase of Bayfront from for-profit Community Health Systems (NYSE: CYH).
Bayfront is the largest hospital in St. Petersburg, with 480 beds, and one of the largest employers, with 1,500 employees as of 2019.
The purchase price for the hospital has not been publicly disclosed, but the deeds give at least a partial picture of the deal.
The largest deed was for $86.28 million, for the 596,429-square-foot hospital at 701 6th Street South, on land the city owns and the hospital leases. The City Council earlier this year approved a 50-year lease with Orlando Health. The deed said Community Health will assign and Orlando Health will assume the hospital lease and other rights.
Here’s a breakdown of the other properties Orlando Health acquired.
Parking garage at 735 8th Ave. S., 218,957 square feet, $14.4 million
Parking garage at 501 6th St. S., 129,920 square feet, $6.7 million
Office building at 700 6th St. S., 55,222 square feet, $7.5 million
Medical office building at 744 6th Ave. S., 5,251 square feet, $5.7 million
Bayfront Health ER at 3070 Grand Ave., Pinellas Park, 13,299 square feet, $5.2 million
Three condo offices at 625 6th Ave. S. totaling $5.4 million
Industrial property at 750 5th Ave. S., 20,000 square feet, $6.3 million
Bayfront Child Development Center, a child care facility at 800 6th Ave. S., 9,862 square feet, $2 million
Bayfront Convenient Care Clinic at 1550 Pasadena Ave. S. in South Pasadena, 2,914 square feet, $827,471
Bayfront Convenient Care Clinic at 13162 66th St. in Largo, 3,344 square feet, $528,000
Orlando Health also acquired several parcels of vacant commercial land on 6th Avenue South for a total of $6.3 million.