Regional Healthcare Inc. had Spring Hill Hospital built and equipped for $22 million. In October 1991, Spring Hill Hospital opened with 75
beds. This
business venture failed, forcing Regional Healthcare Inc. to file for
bankruptcy. In late May 1998, a bankruptcy judge approved the
acquisition of Regional Healthcare Inc. by
Health Management Associates. Also the hospital network signed a thirty-year
lease with Hernando County for Spring Hill Regional Hospital. Health Management Associates paid off $78 million of
debt owned by Regional Healthcare Inc. to its
creditors. It also paid Hernando County $300,000 each year in rent and it spent $25 million to make improvements on Brooksville Regional Hospital, Spring Hill Regional Hospital and PineBrook Regional Medical Center. In late June 2013, Spring Hill Hospital was
rebranded by Health Management Associates to Bayfront Health Spring Hill. On July 30, Community Health Systems agreed to purchase Health Management Associates for $7.6 billion. On January 24, 2014, the
Federal Trade Commission approved the merger of Health Management Associates with Community Health Systems. On December 1, 2021, Bayfront Health Spring Hill rebranded to Bravera Health Spring Hill. On July 24, 2023, Community Health Systems announced that Tampa General Hospital would purchase Bravera Health Spring Hill and two other Bravera Health hospitals for $290 million. It was later adjusted to $294 million. On December 1, Tampa General Hospital officially took over the
management of Bravera Health. Bravera Health Spring Hill was rebranded to TGH Spring Hill and will be part of the TGH North division. ==See also==