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Tennessee Oncology Building New $120M Nashville Corporate Headquarters And Medical Center

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Tennessee Oncology, one of the nation’s largest cancer-care providers, is building a new, $120 million medical center and corporate headquarters in downtown Nashville.

The 200,000-square-foot medical center and office building will be located at 322 22nd Ave. N. in Midtown, between Centennial Medical Center and Ascension Saint Thomas Midtown. Medical services will include oncology, infusion, imaging, pharmacy and related services, the company announced this week.

The project is expected to be completed in the summer of 2025.

“We are excited to build a state-of-the-art cancer center in Nashville and expand our ability to care for patients throughout Tennessee,” said Natalie Dickson, president and chief strategy officer for Tennessee Oncology, in a news release. “There is enormous innovation in cancer care bringing patients more diagnostic and treatment options than ever before. By making this significant investment in a new cancer center, our physicians and staff are demonstrating our commitment to ensure patients in Tennessee continue to have access to the most cutting-edge treatments available anywhere in the world.”

The company has partnered with Birmingham, Alabama-based Johnson Healthcare Real Estate for the development and management of the project. Nashville-based Gresham Smith is providing engineering and design services.

 

Source: yahoo!news

Economic Impact Study Reports Nashville Health Care As A $68 Billion Industry

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Music City remains Health Care City, an industry that has grown by more than $1 billion in just three years.

Nashville health care is now a $67.91 billion industry annually, according to an economic impact study released today by the Nashville Health Care Council in partnership with the Business and Economic Research Center at Middle Tennessee State University.

The report found that the health care industry remains the city’s No. 1 employer, with one in every 12 occupations in Nashville being in the health care sector. In 2022, the health care sector was responsible for nearly 332,305 jobs.

Though the local health care industry has continued an upward trend since the pandemic, workforce shortages have continued to be the industry’s biggest challenge.

Despite these challenges, the Nashville health care industry is outperforming many of its peer cities. According to the study, Nashville ranks second among a group of 13 peercities in terms of the number of major health care companies, their revenues and their employment. Dallas comes in at No. 1.

The number of member companies on the council is up 13.92% since 2019, according to the study. The industry’s growth can also be seen through many recently announced multimillion dollar projects, such as Maury Regional Health’s expansion project and Tennessee Oncology’s new medical office building.

 

Source: Nashville Biz Journal