Charlotte County hospital sells for $260 million, renamed

AdventHealth has closed on the purchase of ShorePoint Health in Port Charlotte.

The Altamonte Springs health care organization did not disclose a sale price but Nashville-based Community Health Systems, the hospital’s previous owner, say it sold for $260 million.

The 254-bed hospital has been renamed Advent Health Port Charlotte and more than 1,300 employees and 80 providers have moved over from Community Health.

In addition to the hospital, the purchase includes ShorePoint’s related business operations.

Among the assets sold is the land where ShorePoint Health Punta Gorda is located. Community Health permanently closed the hospital last year due to Hurricanes Helene and Milton.

AdventHealth says in a statement that it “plans to work with the Punta Gorda community to assess its needs and determine the best way to care for its residents.”

Other related businesses include clinic operations, outpatient services and the ShorePoint Health Emergency Department in Cape Coral. All related care sites and doctors’ practices have also been rebranded to AdventHealth.

ShorePoint Health Port Charlotte opened in 1962 and has had multiple owners in the ensuing decades. ShorePoint Health Punta Gorda opened in 1947 under the name Charlotte Hospital, according to a history of the facility on its website. It also has had multiple owners, including the Seventh-day Adventist Church in the 1970s.

AdventHealth is an $18 billion nonprofit hospital system with facilities across nine states — Colorado, Florida, Georgia, Illinois, Kansas, Kentucky, North Carolina, Texas and Wisconsin.

The company says it has provided “whole-person care” to about 9 million people at more than 2,000 sites, including hospitals, physician practices, ambulatory surgery centers, outpatient clinics, home health agencies, hospice centers and through its app.

The deal was announced in November and closed March 1.