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Larkin Community Hospital has acquired Palm Springs General Hospital, a 247-bed acute care hospital in Hialeah, for $40 million in a deal financed by Ocean Bank. The 15-acre campus includes a 43,000-square-foot medical office building.

This is the latest in a long string of acquisitions by the South Miami-based, physician-owned hospital, whose holdings now include the 147 bed teaching hospital in South Miami, a 50 bed inpatient behavioral health hospital and 152-bed skilled nursing facility in Hollywood, a 180-bed assisted living facility in South West Miami, 2 home health agencies in Miami-Dade and Broward counties, and 5 imaging centers throughout Miami-Dade County.