HCA Healthcare Inc subsidiary TriStar Health announces $500 million in investments to new and existing facilities. – Nashville Business Journal

TriStar Health announced plans Monday to invest more than $500 million into its network of hospitals and care centers in Middle Tennessee, including the addition of four floors at its flagship TriStar Centennial Medical Center.

The investment will allow for the construction of new facilities, the expansion of existing structures and the introduction of new technologies and services to the health system, according to a news release.

TriStar is the local health system of HCA Healthcare Inc (NYSE: HCA), Nashville’s largest publicly traded company, according to Nashville Business Journal research, with $41.4 billion of revenue in 2016.

The largest investment is a $123.7 million, four-floor expansion of Centennial’s patient tower, including the addition of a joint-replacement center, set for completion early next year. We first reported on this project in March 2017, following its approval by Metro Council.

The total expansion is expected total 154,752-square-feet, with the joint center adding 10 operating rooms and 29 beds. The health system is committing an additional $50 million to renovate existing floors at Centennial and $69 million to build an eight-level parking garage on the 47-acre campus.

Centennial is the city’s second-largest hospital, according to NBJ research, with 656 beds and a staff of close to 3,000.

“TriStar Health is committed to investing in high-quality, comprehensive health care services,” Heather Rohan, president and CEO of TriStar, said in the release. “These capital investments will help to further enhance patient care and position us to be able to meet and exceed the growing demand for health care services.”

Two more hospitals will also be growing vertically, with a $69.3 million addition of two floors at TriStar Skyline Medical Center and an $18.6 million, eighth-floor medical/surgical bed unit at TriStar Summit Medical Center. The Skyline expansion is set to begin in June, while the Summit project is set to be completed in late 2019, according to a news release.

Other investments include a $12 million expanded behavioral health unit at TriStar StoneCrest Medical Center, a $28.1 million behavioral health hospital in partnership with Maury Regional Medical Center in Columbia and a $10 million freestanding emergency room in Mt. Juliet, according to the release.

Last week, Saint Thomas Health announced plans for a 76-bed behavioral health center in North Nashville in conjunction with Franklin-based Acadia Healthcare.

Missing from TriStar’s new list of investments is a 10,860-square-foot freestanding emergency department set to be built a little more than 7 miles from TriStar Southern Hills in Antioch.

That $14 million, 11-bed facility was approved in April by the Tennessee Health Services and Development Agency after efforts by TriStar to build a similar facility in Brentwood were denied.

The $500 million is in addition to $300 million in investments the health system has made over the past three years, according to the release. TriStar has 10 hospitals, 21 imaging centers,14 emergency rooms and 12 urgent care centers in Middle Tennessee.

Source Article