Broward Health Secures $97M Financing for 114,000 SF Medical Office Building at Broward Health North
Originally published on April 29, 2026
Major Healthcare Investment Expands Specialty Services
Broward Health has secured $97 million in tax-exempt bond financing for construction of a new six-story medical office building at its Broward Health North campus in Deerfield Beach. The financing, arranged through UMB Bank and Centurion Foundation, represents a significant capital investment in expanding specialty healthcare services across Broward County.
114,000 Square Feet of Advanced Medical Space
The new facility will span 114,000 square feet and include 75 examination rooms, with clinical services focused on cardiovascular, neuroscience, and orthopedics specialties. Located at 101 East Sample Road adjacent to the existing 696,020-square-foot Broward Health North hospital complex, the building is designed by The Beck Group and DMZ Architects with an expected opening in 2027.
The structure provides capacity for an additional 132 rooms if needed, demonstrating forward-thinking planning for future healthcare demands. This expansion marks the first new construction for Broward Health in 25 years, underscoring the health system’s commitment to modernizing its infrastructure.
Strategic Financial Structure and Economic Impact
The financing arrangement utilizes a 30-year tax-exempt bond structure maturing in 2057, providing Broward Health with long-term, cost-effective capital for the project. UMB Bank provided the leasehold mortgage through Centurion Foundation, an Atlanta-based nonprofit that specializes in arranging debt financing for healthcare nonprofits.
This project is part of Broward Health’s broader $228 million capital investment strategy, which includes a separate $131 million construction loan for a medical office building and parking garage in downtown Fort Lauderdale. The combined investments reflect the public health system’s response to growing healthcare demands across its service area.
Operational Excellence and Physician Recruitment
The new medical office building serves as a cornerstone for Broward Health’s physician recruitment strategy and expansion of specialty services. With more than 11,000 employees and an annual operating budget of $1.8 billion, Broward Health operates as one of the 10 largest public healthcare systems in the United States.
The facility’s focus on cardiovascular, neuroscience, and orthopedics aligns with high-demand specialty areas that generate significant revenue streams for healthcare organizations. These service lines typically offer higher reimbursement rates and attract commercially insured patients, supporting the financial sustainability of the broader health system.
Regulatory and Financial Considerations
Healthcare organizations pursuing similar expansion projects must navigate complex financing structures, regulatory approvals, and operational planning. The use of tax-exempt bond financing provides favorable interest rates but requires compliance with federal and state regulations governing nonprofit healthcare entities.
Healthcare organizations navigating major capital projects and financing arrangements can benefit from specialized guidance. Contact James Moore’s healthcare practice team to discuss how these developments may impact your organization.
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