Regional One taps four-firm JV for $1B hospital

A four-firm joint venture will lead construction of a $1 billion hospital campus for Regional One Health in Memphis, Tennessee, marking one of the region’s largest healthcare infrastructure projects

Regional One Health has selected Memphis Healthcare Builders to develop a $1 billion academic medical center in Memphis, Tennessee, the health system announced Monday, Construction Dive reports.

The joint venture comprises Turner Construction, Flintco Construction, Nickson General Contractors and Fifer & Associates.

The campus will expand Regional One’s hospital footprint in the region, which operates the only adult Level 1 trauma center within 150 miles and the only verified burn center within 400 miles. The facility will include a bed tower and modernized ancillary services suites.

“We are pleased that we were able to attract some of the best national talent in healthcare companies specializing in architecture, engineering and construction,” said Dr. Reginald Coopwood, president and CEO of Regional One Health.

Shelby County has committed $500 million toward the project, with the remaining funding expected from philanthropy and other sources. Hospital officials project the development will generate between $693.6 million and $892.3 million in economic impact by 2027.