FSU plans $413.9M hospital in Panama City Beach

Florida State University (FSU) is seeking approval to issue $413.9 million in bonds to build a new hospital in Panama City Beach under the FSU Health brand, with plans to open by December 2027. The facility will initially feature 80 beds and include a 20-bed emergency room, comprehensive imaging center, and specialized procedural areas for cardiology, gastroenterology, and pulmonary medicine, addressing the needs of the aging population in the region. FSU is partnering with Tallahassee Memorial HealthCare to manage the hospital, ensuring that the community has access to high-quality medical care. The project is part of a long-term plan to develop an 87-acre medical campus that could eventually expand to 600 beds. Funding for the bonds will come from reimbursements through federal, state, and private research grants, highlighting the university's commitment to enhancing healthcare and research opportunities in the area. The initiative was supported by both the FSU Board of Trustees and the Florida Board of Governors, paving the way for significant advancements in regional health services.