ScionHealth Announces Lease with Upshot Capital Advisors for a New Specialty Hospital in Orlando, FL
64-bed facility – part of the Upshot Medical Center at Mills Park – will help meet growing needs for locally based long-term acute care and acute rehabilitation services.
LOUISVILLE, Ky., July 13, 2022 /PRNewswire/ -- ScionHealth today announced the signing of an agreement with Upshot Capital Advisors (Upshot) – a vertically integrated real estate platform – to lease space in the Upshot Medical Center at Mills Park (UMC) in Orlando, Florida, and operate a 64-bed long-term acute care hospital (LTACH) featuring an acute rehabilitation unit.
ScionHealth's hospital will be an anchor tenant at UMC, occupying one of two towers on the campus, which boasts approximately 160,000 square feet of Class A, LEED® designed, healthcare space, including a six-story parking garage. Upon completion, the 85,500-square-foot LTACH facility will include six floors with approximately 36 long-term acute care beds and an acute rehabilitation unit with approximately 28 beds. While the new hospital will be ScionHealth's first facility in Orlando, the company currently operates 10 specialty hospitals in Florida under the Kindred Hospitals brand.
Construction on UMC is already underway, and the new hospital is expected to begin operations in the first quarter of 2024.