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Duke LifePoint ups bid, offers $40M more for Munroe

Published: Monday, April 15, 2013 at 11:56 a.m.


Duke LifePoint has increased its offer from $138.7 million to $200 million as it competes for the right to lease Munroe Regional Medical Center for the next 40 years.

The new offer, expressed in a letter to Marion County Hospital District Trustee Jon Kurtz, puts Duke LifePoint’s financial offer on par with that of Shands/Health Management Associates’ offer.

The revised offer came after some trustees and others involved in making lease recommendations that the $60 million difference shouldn’t be ignored.

Duke LifePoint, which is a partnership between Duke University Medical Center and healthcare company LifePoint, also increased its offer to fund Munroe’s long-term master plan facility improvements. Munroe officials had said during the past few years it needed $150 million for facility improvements. LifePoint appears to be offering $180 million to fund that.

LifePoint, without Duke, owns or leases nearly 60 hospitals in 20 states; its only Florida hospital is the relatively small Putnam Community Medical Center in Palatka.

HMA already owns or operates 22 hospitals throughout Florida.

- Ocala Star Banner - 4/15/13 -