The Med closes on land purchase for East Memphis campus
The Regional Medical Center at Memphishas closed on a 54.5-acre land purchase in southeast Memphis, clearing its path to construct a satellite medical facility in a growing area of the city.
Memphis Daily News reports The Med paid $3.4 million for the property at Quince Road and Tenn. 385, and no financing was involved in the transaction.
CEO Reginald Coopwood told MBJ in October that the hospital was working on a proposal for an outpatient facility. Its new facility will operate as a complement to The Med’s existing Downtown campus and seeks to establish its presence among Memphians outside of its traditional footprint.
Under its new leadership team, the Regional Medical Center at Memphis has put much effort into refining its perception in the public eye as a hospital of choice rather than of necessity — but it hasn’t been easy, as Coopwood explained.
“It took a lot of work, even with the board, to accept that we can still have a central Downtown location and touch other patients in the county,” Coopwood said.