TALLAHASSEE, Fla. (WCTV) – Florida State University officially owns Tallahassee Memorial Hospital, according to a university press release.<\/p>\n
FSU and the City of Tallahassee completed the legal transfer of city-owned hospital assets on Friday. <\/p>\n
This puts the university and the hospital one step closer toward creating an academic health center. <\/p>\n
The official transfer comes after months of votes, public pushback and what some called an \u201cautomatic transfer<\/a>” deadline.<\/p>\n That transfer deadline passed on April 1, with no lease between the hospital and the university. Friday evening\u2019s press release does not indicate a new lease has been signed.<\/p>\n The City of Tallahassee Commission approved the transfer<\/a> after a 3-2 vote in March and the Florida Board of Governors<\/a> gave its seal of approval later that same month.<\/p>\n \u201cThis milestone reflects years of partnership and a shared vision for the future of health care in our region,\u201d said FSU President Richard McCullough. \u201cThis is a major step forward for FSU Health and for expanding clinical care, research and medical education in North Florida.\u201d <\/p>\n TMH will continue to run the hospital, including patient care, employees and daily operations, according to the press release. The partnership makes the hospital \u201cthe clinical anchor\u201d of FSU Health and \u201cbuilds on years of collaboration between the two institutions,\u201d the press release said. <\/p>\n One marker of that collaboration is the FSU Health Research Center on TMH\u2019s campus which is expected to open later this year. <\/p>\n More Tallahassee news: <\/p>\n While FSU Health is now advancing, it\u2019s unclear if an FSU Health Board will be created. In a proposed lease, TMH would have retained nine seats on the board while FSU would retain eight. It does not specify whether Tallahassee State College or FAMU would actually receive a seat. <\/p>\n That lease wasn\u2019t signed before April 1, meaning the assets were transferred without an agreement between FSU and TMH.<\/p>\n Some worried about what this lack of agreement could mean for the future, like City Commissioner Jack Porter. <\/p>\n \u201cIf FSU and TMH do not reach an agreement, we don\u2019t have an academic medical center,\u201d Porter said in a previous interview with WCTV. \u201cAnd so we risk having transferred the asset without the guarantee that there is an academic medical center to show for it.\u201d<\/p>\n Under the terms of the deal, FSU will pay the City of Tallahassee $109 million over thirty years as the sale price for the hospital. The university also agreed to $250 million for facilities and research.<\/p>\n To keep up with the latest news as it develops, follow WCTV on Facebook<\/a>, Instagram<\/a>, YouTube<\/a>, Nextdoor<\/a> <\/a>and X<\/a> (Twitter<\/a>).<\/p>\n Have a news tip or see an error? Write to us here<\/a>. Please include the article\u2019s headline in your message.<\/p>\n Be the first to see all the biggest headlines by downloading the WCTV News app. Click here<\/a> to get started.<\/p>\n Copyright 2026 WCTV. All rights reserved.<\/p>\n