Tennova Healthcare has completed the purchase of a 109-acre plot of land to relocate the Physicians Regional Medical Center.
The land, which cost $11.5 million, is near the intersection of Middlebrook Pike and Old Weisgarber Road. Officials plan to build a 272-bed replacement for Physicians Regional on it.
“We are delighted to advance in our plan to build a hospital that should enable us to continue providing excellent patient care to East Tennesseans for decades to come,” said Neil Heatherly, chief executive officer of Physicians Regional Medical Center and Tennova’s East Tennessee Market.
The current Physicians Regional Medical Center is located near the intersection of Broadway and Woodland Avenue in North Knoxville.
Heatherly said the new medical center is scheduled to open in 2018.