NEMOURS ACQUIRES 60-ACRE SITE FOR PEDIATRIC HEALTHCARE FACILITY

ORLANDO, FLA. — Nemours, one of the nation’s largest children’s health systems, has acquired 60 acres of land within Lake Nona’s medical city in Orlando to build a pediatric health care facility. The new building, which will be anchored by a 95-bed children’s hospital, is located near the UCF College of Medicine, Burnham Institute for Medical Research and the Orlando Veterans Affairs Medical Center. Skanska USA Building Co. will act as construction manager for the project. Currently involved in planning and designing the facility, Nemours is expected to break ground on the project in 2009, with completion slated for 2012. Nemours will also be a founding partner in the Lake Nona Healthcare Life Science Consortium. The price of acquisition and the projected cost of the facility were not disclosed.