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Orlando-Kissimmee, FL

Orlando-Kissimmee, FL
Q1 2011 - Market Summary



The near term demand for health care workers in the Orlando metropolitan area improved notably during the first quarter of 2011. Among the news of the quarter, the new Nemours Children’s Hospital, now under construction in southeast Orlando, will hire 700 employees between next fall and its fall 2012 opening. Ocala-based Concordis Senior Living LLC plans to break ground in June on a $10 million assisted living facility in Ocoee for Alzheimer’s and dementia patients. And Health Central is seeking to build a new $19.4 million, 60-bed post-acute rehabilitation facility on its 90-acre Ocoee hospital campus.

On a comparative basis, the Orlando health care labor market remained stronger than much of the rest of the country as measured by a Q1 LMPI score of 62.3, up 26% from the prior quarter and compared to the national composite of 51.5.


Q1 Workforce Announcements

Concordis Senior Living starting on $10M Ocoee facility in June. March 25, 2011
Ocala-based Concordis Senior Living LLC plans to break ground in June on a $10 million assisted living facility in Ocoee for Alzheimer’s and dementia patients. The project is said to create 38 health-related jobs.
http://www.bizjournals.com/orlando/print-edition/2011/03/25/concordis-senior-living-starting-on.html

Nemours to hire 700 before fall 2012 opening. March 18, 2011
The new Nemours Children’s Hospital, now under construction in southeast Orlando, will hire 700 employees between next fall and its fall 2012 opening.
http://www.bizjournals.com/orlando/print-edition/2011/03/18/nemours-to-hire-700-before-fall-2012.html

Bye-bye babies: South Seminole closing its birthing unit today. January 30, 2011
After 18 years and more than 20,000 deliveries, South Seminole Hospital is closing its obstetrics unit.
http://www.orlandosentinel.com/health/os-south-seminole-births-20110130,0,6357099.story

Health Central plans $19M rehab facility. January 7, 2011
Health Central - which plans to merge this spring with either Orlando Health or Florida Hospital - wants to build a new $19.4 million, 60-bed post-acute rehabilitation facility on its 90-acre Ocoee hospital campus.
http://www.bizjournals.com/orlando/print-edition/2011/01/07/health-central-plans-19m-rehab-facility.html

Previous market news

Hospitals and Health Systems

Source: US News & World Report

Education Program Expansion and Closures

No notable education expansions or closures announced during Q1 2011.

Education Programs

Source: The Integrated Postsecondary Education Data System

Health of the Local Economy

Lower home ownership rates reduce the impact of home price fluctuations and increase the willingness of healthcare employees to relocate for better job opportunities. Below are home ownership rates for the overall Orlando-Kissimmee, FL market.

Source: www.census.gov accessed 3/29/2011

The recent rising unemployment rates create new demands for health services. Higher unemployment shifts the mix away from higher margin procedures to more primary care in the emergency room and critical care for conditions that should have been treated early at a primary care physician. In general, rising unemployment also reduces turnover and engagement of employed workers, while low unemployment tends to increase intra market churn. Below are unemployment rates for the overall Orlando-Kissimmee, FL market.

Source: www.bls.gov accessed 3/29/2011

Additional Factors Influencing HWS Labor Market PulseTM Index

  • U.S. Census Bureau Population 2,054,574, #27 largest market
  • U.S. Census Bureau Population #177 oldest market
  • U.S. Census Bureau Population Growth 24.9%, #26 fastest growing market
   

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