Baptist Health South Florida and Belmont Village Senior Living Form Joint Venture

Partnership plans to produce leading edge seniors housing in South Florida

MIAMI, FL — March 15, 2019 — Baptist Health South Florida, the largest not-for-profit healthcare organization in the region, and Belmont Village Senior Living, a nationally recognized seniors housing provider, announced today that they created a venture to develop, own and operate senior living communities in South Florida. The venture is launching with the creation of a community close to the Shops at Merrick Park in downtown Coral Gables.

“Our aim with this partnership is nothing short of reinventing wellness and quality of life for seniors in South Florida,” said Patricia Will, Belmont Village Founder and CEO. “Thanks to the richness of experience each team brings, we have the potential to change the paradigm for lifestyle and care for the extraordinary elderly population in this region.”

The area initially targeted by the partnership will include Miami-Dade, Broward, Palm Beach and Monroe counties.

“At Baptist Health, we have a deep commitment to serve the South Florida community,” said Brian E. Keeley, President and CEO for Baptist Health South Florida. “Partnering with Belmont Village is a natural fit as both our organizations share the same dedication to providing high-quality compassionate care.

The Coral Gables project will be located at 250 Bird Road, bounded by Aurora Street, Altara Avenue and Salzedo Street. Construction is projected to start mid-2020 and to be complete within two years of commencement.

Belmont Village will manage development and operation of Belmont Village Coral Gables, which will offer Independent Living, Assisted Living and Memory Care. This project, the company’s first with Baptist Health South Florida, will be Belmont Village’s second community in the region. Belmont Village Fort Lauderdale is currently under construction at 1031 Seminole Drive and projected to open Fall 2019.

About Baptist Health South Florida

Baptist Health South Florida is the largest healthcare organization in the region, with 10 hospitals (Baptist Hospital, Baptist Children’s Hospital, Bethesda Hospital East, Bethesda Hospital West, Doctors Hospital, Fishermen’s Community Hospital, Homestead Hospital, Mariners Hospital, South Miami Hospital and West Kendall Baptist Hospital), more than 40 physician practices, 50 outpatient and urgent care facilities, Baptist Health Medical Group, Baptist Health Quality Network and internationally renowned centers of excellence spanning across Monroe, Miami-Dade, Broward and Palm Beach counties. A not-for-profit organization supported by philanthropy and committed to our faith-based charitable mission of medical excellence, Baptist Health has more than 19,500 employees and more than 3,000 affiliated physicians. Baptist Health South Florida has been recognized by Fortune as one of the 100 Best Companies to Work For in America and by Ethisphere as one of the World’s Most Ethical Companies. For more information, visit http://BaptistHealth.net/newsroom and connect with us on Facebook at facebook.com/BaptistHealthSF and on Twitter and Instagram @BaptistHealthSF.

About Belmont Village Senior Living

Belmont Village Senior Living is a fully integrated developer, owner and operator of high quality seniors housing communities. The company is a premier provider of independent living, assisted living and award-winning memory care in major market areas. Currently Belmont Village has 29 operating properties, comprising approximately 4,000 units, in seven states and Mexico City. Projects under construction and projected to open in 2019 include Belmont Village Lincoln Park in Chicago and Belmont Village Fort Lauderdale. Belmont Village communities are acclaimed for their high safety standards, attractive locations and distinctive architecture; each building is custom designed to complement and enhance its surrounding community. Belmont Village provides residents with innovative programs and services that are backed by best in class research and best practices, as well as around the clock support from highly trained staff members. In 2018, Belmont Village was certified as a Great Place to Work and ranked 15^th on FORTUNE Magazine’s Top 50 Best Workplaces in Aging Services list. For more information, please visit www.belmontvillage.com.

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