The land was purchased from Craig Crossing and Primos Properties for an undisclosed amount. The acquisition also included 38 acres of donated property.
Scott & White purchased the land to build Lake of the Hills Regional Medical Center in partnership with the City of Marble Falls, Texas. The center will be a 60-bed full service hospital for the rapidly growing Hill Country area, according to the Scott & White website.
Construction is planned to begin in July 2011, with a projected completion date of Aug. 2012, according to the release.
Read the Scott & White release on the land acquisition.
Read more about Texas hospitals:
–Scott & White Healthcare Finalizes Agreement With Johns Community Hospital
–Texas’s Seton Hospitals Plans to Acquire Smithville Hospital
–San Antonio’s Methodist Healthcare May Acquire Cardiology Group
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