Tennova Healthcare purchases land for replacement hospital
KNOXVILLE, Tenn. (AP) – Tennova Healthcare has completed the purchase of a 109-acre plot of land to relocate the Physicians Regional Medical Center.
Media outlets report Tennova purchased a 102-acre tract for $11.5 million on Friday from the heirs of Dr. R.G. and Bertha Waterhouse, a late physician and his pianist wife, in West Knoxville. Officials plan to build a 272-bed replacement for Physicians Regional on it. The hospital already owned three tracts totaling another seven acres in the area.
The new five-story, $303.5 million hospital will have 91 fewer beds than the older North Knoxville building, which opened in 1930.
Neil Heatherly, Tennova’s Market CEO and CEO of Physicians Regional, says the health system hopes to complete the hospital by the end of 2018.
