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Transactions - JULY 19, 2022

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ScionHealth announces lease agreement with Upshot Capital Advisors

by Released

ScionHealth has signed an agreement with Upshot Capital Advisors, a vertically integrated real estate platform, to lease space in the Upshot Medical Center at Mills Park (UMC) in Orlando and operate a 64-bed long-term acute care hospital (LTACH) featuring an acute rehabilitation unit.

ScionHealth's hospital will be an anchor tenant at UMC, occupying one of two towers on the campus, which boasts approximately 160,000 square feet of class A, LEED® designed healthcare space, including a six-story parking garage. Upon completion, the 85,500-square-foot LTACH facility will include six floors with approximately 36 long-term acute care beds and an acute rehabilitation unit with approximately 28 beds. While the new hospital will be ScionHealth's first facility in Orlando, the company currently operates 10 specialty hospitals in Florida under the Kindred Hospitals brand.

Construction on UMC is already under way, and the new hospital is expected to begin operations i

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