The Florida branch of the Mayo Clinic is focusing on the business it knows best: taking care of patients.
Mayo, based in Rochester, Minn., is moving ahead with plans to build a new hospital in Jacksonville, Fla., after announcing plans in late March to shutter a money-losing HMO it owns there. It is the second of Mayo's three HMOs to be closed (May 7, p. 4).
To get the money to build a new hospital, the Mayo Foundation, in Rochester, is negotiating to sell its 240-bed St. Luke's Hospital, also in Jacksonville, to another provider in the city, 756-bed St. Vincent's Medical Center, owned by St. Louis-based Ascension Health.
Money from the sale, along with a fund-raising campaign, will finance the new hospital, to be built on Mayo's Jacksonville campus, said Erik Kaldor, a Mayo spokesman. The price and size of the hospital were not known.
Kaldor said shutting down the Florida HMO and building a new hospital are unrelated.