- UF Health, affiliated with the University of Florida, will merge with Flagler Health+ this summer.
- According to its Board of Trustees, Flagler Health+ selected UF Health because of its strengths as a top 5 public research institution.
- The merger aims to provide enhanced care coverage capabilities, recruitment and retention of healthcare professionals, technology resources, and access to capital for future investments.
UF Health, the medical network affiliated with the University of Florida, announced a merger with Flagler Health+ this week. The integration of Flagler Health+ into the UF Health system is expected to be completed this summer upon the finalization of the agreement.
The merger comes three months after both health systems entered into a non-binding letter of intent that established Flager Health’s plans to join another network in order to expand care coverage capabilities. The Flagler Health Board of Trustees stated that it selected UF Health because it offers the “strengths of a top 5 public research institution.”
According to Flagler Health+, it initiated discussions with several care networks, specifically seeking a business agreement that would provide recruitment and retention of healthcare professionals; technology resources, including electronic health record implementation; and enhanced access to capital to support future investments.
“At the time we made our initial selection, we were confident that UF Health matched our longstanding commitment to our community and our dedication to our team members, providers, and patients,” said Flagler Health+ CEO Carlton DeVooght. “Our discussions in reaching this definitive agreement have cemented our initial impressions. We look forward to joining the UF Health family.”
UF Health has emerged as one of North Florida’s leading healthcare providers, managing several hospitals, research institutes, and health professions colleges. UF Health Shands Hospital, the system’s flagship facility, is the region’s only level one trauma center and offers a range of medical services, including specialized centers for cancer, heart, neurology, and orthopedics.
UF Health contributes more than $4.6 billion to Florida’s overall economy, through direct and indirect expenditures, according to the most recent economic impact study conducted by UF. Total revenue for the academic health center grew from $2.7 billion to $4.7 billion over the past decade, an increase of 76 percent, while clinical revenue accounted for 80 percent of the total.
“UF Health is uniquely positioned to bring much-needed top-flight service to Northeast Florida and to ensure that all of the region’s residents have access to the very best health care available,” said UF President Ben Sasse. “Florida’s population growth is remarkable, and Flagler and St. Johns are among the state’s 10 fastest-growing counties. This agreement builds on Flagler’s long tradition of caring for the community and positions UF to offer the latest breakthroughs in pursuit of ensuring Floridians can enjoy the quality of life they deserve.”
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