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Business Observer Friday, Aug. 21, 2015 3 years ago

Lakeland Regional Health Systems buys land for south campus

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Lakeland Regional Health purchased 100 acres of land in northern Bartow for $7.5 million.

BUYER: Lakeland Regional Health Systems Inc. (officers: Evan Jones, Dr. Jay Mulaney, William Mutz, Dr. Elaine Thompson and Jack Harrell), Lakeland
SELLER: KMT Farm and Timber Co. LLC
PROPERTY: a portion of U.S. Highway 98 south of County Road 540A, Bartow
PRICE: $7.5 million
LAW FIRM ON DEED: Peterson & Myers PA, Lakeland

PLANS, DESCRIPTION:
Lakeland Regional Health purchased 100 acres of land in northern Bartow for $7.5 million.

The price equated to $75,000 per acre.

The hospital is still developing its final plans for the site, but expects to create a freestanding emergency department, satellite cancer services and physician offices.

Lakeland Regional Health officials had not replied to requests for additional information as of deadline.

Lakeland Regional Health operates the 851-bed Lakeland Regional Health Medical Center.

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