The transaction is expected to be complete in late 2029.
Roper St. Francis Healthcare has announced its plans to sell the 11.5-acre property where Roper Hospital is in Charleston, South Carolina to the Medical University Hospital Authority (MUSC Health).
The transaction will not be finalized until Roper St. Francis Healthcare relocates hospital operations, anticipated for late 2029, to the Roper Hospital Medical Campus in North Charleston. The sale comprises three parcels:
- The 900,000-square-foot hospital building
- The parcel where the medical office building sits, along with the adjacent parking
- Parking garages on Doughty and Lucas streets
The purchase sale agreement for this transaction was approved by the MUSC Board of Trustees on Saturday, August 10.
This agreement signifies an intent to sell, ensuring that Roper Hospital will remain fully operational and continue serving patients at its current location on the Charleston peninsula until the relocation to North Charleston is complete. The final sale price will be determined based on a fair market value assessment to be conducted in 2029.
The move to the North Charleston campus will mark a significant step in the Roper St. Francis Healthcare 2030 strategic plan to broaden access to quality care and expand the health system’s footprint in the Lowcountry.
From its central location, the Roper Hospital Medical Campus will include a full-service acute care hospital with a 24-hour emergency room, operating rooms and the latest in technology and design for inpatient care, as well as a medical office building with a vast array of outpatient and specialty care services.
The post "Roper Hospital to be Sold to MUSC Health" appeared first on Healthcare Facilities Today
0 Comments