Brick, N.J.-based Nationwide Healthcare Services revealed plans to purchase Milford (Del.) Memorial Hospital's 22-acre campus and redevelop it into a multiuse healthcare-focused community once the hospital relocates to its new campus in early 2019, according to The News-Journal.
Officials said the redevelopment project would include more than $20 million in capital investments and create more than 300 full-time jobs and hundreds of temporary construction positions, according to the report.
Terry Murphy, president and CEO of Bayhealth in Dover, Del., told The News-Journal the agreement between Nationwide Healthcare and Bayhealth fulfills the health system's November 2014 promise to the community it would find an interested buyer to purchase the property once the hospital relocates.
Bayhealth is the parent company of Milford Memorial Hospital.