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.
More articles on transactions and valuations:
NorthShore University HealthSystem, Advocate Health Care scrap merger agreement
McLaren reportedly considers partial acquisition of Detroit Medical Center
Envision Healthcare to acquire Imaging Advantage
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