FSU Plans Long-Term Lease of TMH Medical Center Complex
City of TallahasseeCity · Tallahassee, FL- Disclosed value
- $1 per year
- From agreement
- Document date
- Feb 23, 2026
The 30-second brief
The Florida State University Board of Trustees plans to lease the Tallahassee Memorial Hospital medical center complex to Tallahassee Memorial Healthcare, Inc. for $1 per year under a 40-year, triple-net Fourth Amended and Restated Lease and Operating Agreement. The draft agreement obligates the hospital operator to maintain and operate the facilities, pay all operating and capital costs, and support FSU’s academic health mission through an integrated clinical, education, and research model.
Tallahassee Memorial Healthcare Inc holds this facilities contract with City of Tallahassee. Its other public contracts on record include work for Leon County School District and Gadsden County School District.
Term as filed: Initial term of 40 years from the Commencement Date, with up to three automatic 10-year renewal terms unless non-renewal notice is given 36 months before expiration.
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Contract details
- Contract type
- Facilities
- Amount
- $1 per year
- Document date
- February 23, 2026
- Term
- Initial term of 40 years from the Commencement Date, with up to three automatic 10-year renewal terms unless non-renewal notice is given 36 months before expiration
- Agency
- City of Tallahassee
- Source document
- Florida State University Board of Trustees Fourth Amended and Restated Lease and Operating Agreement 2026-02-23 (Agreement)
Tallahassee Memorial Healthcare Inc's other public contracts
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Questions about this contract
Who was awarded the facilities contract by City of Tallahassee?
Tallahassee Memorial Healthcare Inc was awarded this facilities contract by City of Tallahassee, as recorded on February 23, 2026. The contract value is $1 per year.
How much is the Tallahassee Memorial Healthcare Inc contract with City of Tallahassee worth?
The Tallahassee Memorial Healthcare Inc contract with City of Tallahassee is valued at $1 per year, covering facilities work.
What type of contract is this?
This is a Facilities contract, documented as a agreement record.
Where was this contract approved?
This contract appears in Florida State University Board of Trustees Fourth Amended and Restated Lease and Operating Agreement 2026-02-23 (Agreement), dated February 23, 2026 from City of Tallahassee. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Tallahassee Memorial Healthcare Inc hold?
Tallahassee Memorial Healthcare Inc may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Tallahassee currently buying?
Explore City of Tallahassee's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.