First Citizens Bank Provides $58.4 Million for Construction of Medical Inpatient Rehabilitation Facility in Miami, Florida
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The 96,000-rentable-square-foot facility with an attached parking garage will be leased to a joint venture between Baptist Health South Florida and Lifepoint Health. The facility will focus on acute rehabilitation of conditions resulting from stroke, brain and spinal cord, amputation, neurological and orthopedic disorders.
Baptist Health South Florida, the largest healthcare organization in
"We're pleased to provide this financing to Anchor Health Properties to support the critical rehabilitation services that Baptist Health South Florida and Lifepoint Health will provide to patients in the rapidly growing
Steve Reedy, a managing director and head of medical office banking at First Citizens, added, "Anchor Health Properties has a strong reputation as a leading healthcare real estate company, and we're pleased to further develop our relationship with them by providing financing for this innovative new facility."
First Citizens Healthcare Finance provides comprehensive financing and banking solutions to middle market healthcare companies across the
About First Citizens Bank
First Citizens Bank helps personal, business, commercial and wealth clients build financial strength that lasts. Headquartered in
MEDIA RELATIONS:
Lexa Tutela Losey
212-461-5305
Lexa.Tutela@firstcitizens.com
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SOURCE First Citizens Bank
FAQ
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