JACKSONVILLE, Fla., April 23,
2024 /PRNewswire/ -- First Citizens Bank today
announced that its Healthcare Finance business provided
$58.4 million in financing to Anchor
Health Properties for the construction of a 92-bed inpatient
rehabilitation facility in Miami,
Florida.
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 South Florida,
provides hospital, outpatient and specialty care across 10
hospitals, including the adjacent Baptist Health South Miami
Hospital, and over 200 outpatient and physician locations.
Lifepoint Health is a diversified, community-based healthcare
network owned by Apollo Global Management with more than 300
locations across the country.
"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 Miami area," said William Douglass, group head for First Citizens
Healthcare Finance.
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 U.S. Using a client-focused and
industry-centric model, Healthcare Finance tailors its products and
services to help clients meet their needs for growth capital.
About First Citizens Bank
First Citizens Bank
helps personal, business, commercial and wealth clients build
financial strength that lasts. Headquartered in Raleigh, N.C., First Citizens has
built a unique legacy of strength, stability and long-term thinking
that has spanned generations. First Citizens offers an array of
general banking services including a network of more than 500
branches and offices in 30 states; commercial banking expertise
delivering best-in-class lending, leasing and other financial
services coast to coast; innovation banking serving businesses at
every stage; and a nationwide direct bank. Parent company First
Citizens BancShares, Inc. (NASDAQ:
FCNCA) is a top 20 U.S. financial institution
with more than $200 billion in
assets. Discover more at firstcitizens.com.
MEDIA RELATIONS:
Lexa Tutela
Losey
212-461-5305
Lexa.Tutela@firstcitizens.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/first-citizens-bank-provides-58-4-million-for-construction-of-medical-inpatient-rehabilitation-facility-in-miami-florida-302123788.html
SOURCE First Citizens Bank