In a major step towards financial sustainability and independence, Lee Health, one of the country’s largest nonprofit hospital systems, has announced its decision to transition to a privately funded nonprofit. This move was made in an effort to remain competitive in Southwest Florida’s evolving healthcare landscape. The board of directors voted 9-1 in favor of the change.
The next phase involves finalizing a mission agreement with the County Commission in the upcoming months. This agreement will outline the new business model that includes an oversight board comprising members from Lee Health’s primary service areas, an attorney, and an individual with a financial/business background.
Since 1968, Lee Health has been owned and operated by the county through a publicly elected board of directors. However, with recent changes to Florida’s Certificate of Need program, competitors have greater opportunities to expand in the region, including Collier County. This decision allows Lee Health to expand services beyond Lee County and form partnerships with other medical groups and teaching hospitals.
Over the past year, Lee Health has been evaluating the implications of this change. Consulting with experts and engaging with the public through town meetings, the leadership has concluded that transitioning to a privately funded nonprofit is necessary for long-term financial sustainability and independence while maintaining a community-led structure. This move signifies a strategic decision towards securing a robust future for Lee Health.
