MIAMI BEACH, Fla.-Mount Sinai Medical Center notified Florida regulators last month of plans to build a 260-bed acute-care hospital in northeast Miami-Dade County. The 756-bed Mount Sinai, a not-for-profit teaching hospital, would transfer 260 of its licensed beds to a newly constructed facility, according to a letter of intent filed with Florida's Agency for Health Care Administration. Mount Sinai officials will file details for their plans with Florida regulators by late October and expect an initial decision on a certificate of need as early as mid-December, according to company financial documents. Mount Sinai launched a turnaround plan in 2002 after struggling financially in recent years, its 2004 financial statements show.
COLUMBIA, S.C.-Palmetto Health said late in September that it would like to consolidate its children's services in a 96-bed free-standing hospital adjacent to its flagship 620-bed Palmetto Health Richland. Palmetto would transform an existing medical office building for the purpose at a cost of $30 million. The three-hospital system plans to apply in late October or November for certificate-of-need approval from the state Health and Environmental Control Department. The Palmetto Health Foundation is embarking on a $20 million fundraising campaign for the project. The system said it would fund the remaining $10 million from operations.
FLOWOOD, Miss.-River Oaks Hospital had its certificate of need for 81 new beds affirmed last month as the state Supreme Court rejected two challenges by a competitor, 571-bed St. Dominic-Jackson (Miss.) Memorial Hospital. River Oaks, in a fast-growing Jackson suburb, will nearly double its current size of 109 beds with a new four-story patient tower. St. Dominic appealed after Hinds County Chancery Court rejected the challenges in 2004. At deadline, St. Dominic's media relations department did not have a comment on the high court's decision. A spokeswoman for River Oaks Health System said, "We look forward to growing our services and to provide these much-needed beds." The system operates River Oaks and the 61-bed Woman's Hospital at River Oaks.
ORLANDO, Fla.-PainCare Holdings said it agreed to pay $15 million in cash and stock to buy the assets of the Center for Pain Management ASC, which owns four ambulatory surgery centers in Maryland. The deal is subject to regulatory approvals. PainCare currently owns and operates nine surgery centers in the Southeast and offers practice management and other services to physicians.