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Tennessee -based health system, regional health Venture joint Memphis Healthcare Builders To build a new $ 1 billion medical center in Memphis, according to a Monday announcement.
The JV team consists of four general contractors: Turner Construction, Flintco Construction, Nickson General Contractors and Fifer & Associates, according to the statement.
The scheduled campus will expand the regional hospital system of the region, which is currently the only level 1 trauma center for adults to 150 miles and the only burning center verified to 400 miles, according to the statement. The new facility will also have a new bed tower and the modernized suites of auxiliary services.
“We are pleased that we could attract some of the best national talents in healthcare companies specialized in architecture, engineering and construction,” said Dr. Reginald Coopwood, CEO and President of Regional One Health. “These companies have been associated with local companies, ensuring that a significant part of this investment is kept here in Memphis.”
Shelby County, Tennessee’s largest county, has committed $ 500 million to the project, with philanthropy and other financing sources planned to cover the balance. Hospital officials wait for the $ Billion project Provide $ 693.6 million to $ 892.3 million in economic growth for 2027, according to the statement.
