Tallahassee Memorial Healthcare

FSU President Richard McCullough made the announcement Friday in an email to all university students, faculty and staff.

The State University System Board of Governors has approved Florida State University’s $110 million contract with Tallahassee Memorial Healthcare and the City of Tallahassee.

The Board of Governors will be asked to approve the transfer of city-owned hospital assets from Tallahassee Memorial HealthCare to Florida State University.

The Tallahassee City Commission gave final approval to transfer Tallahassee Memorial Healthcare's assets to Florida State University Wednesday.

The vote sets in motion the process of rebranding TMH as FSU Health. The agreement includes an FSU investment of $1.7 billion.

In an email to university employees, FSU President Richard McCullough said FSU will pay Tallahassee $109 million over 30 years for the hospital’s property and assets.

Tallahassee has been ablaze with reports, social media posts and public statements regarding behind-the-scenes negotiations on the Florida State University/Tallahassee Memorial Healthcare partnership.

WFSU’s Tristan Wood spoke to Grow Tallahassee's Bugra Demirel to get her perspective on what has been going on, as well as what direction she thinks the FSU/TMH partnership should go in.

WFSU’s Tristan Wood spoke to Rep. Tant and Demirel to get their perspectives on what has been going on, as well as what direction she thinks the FSU/TMH partnership should go in.

They voted 3-2 to go to a final hearing about the sale once negotiations with several other entities are finalized. Florida A&M and Tallahassee State College are currently negotiating with FSU for a role in the partnership.