The new hospital, which will be called Tradition Medical Center, is expected to create more than 460 jobs. The initial capital investment for the facility is expected to exceed $100 million, according to the report.
Martin Memorial hopes to break ground on the project in early 2012 with completion expected in early 2014.
HCA, which operates nearby Lawnwood Regional Medical Center and St. Lucie Medical Center, opposed the new hospital, which was initially granted a certificate of need by the state in 2007. The Florida Agency for Health Care Administration, however, ruled against HCA’s challenges.
Read the TCPalm.com report on Martin Memorial Health System.
Related Articles on Martin Memorial Health System:
Florida’s Martin Memorial Moves Forward With New Hospital Despite HCA Appeal
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