August 03, 2015
Boyle Developing Community Health Systems Headquarters
– Memphis Business Journal –
Community Health Systems, Inc. is building new headquarters in Tennessee and has hired a Memphis developer.
The company, which owns eight hospitals in the region and 69 nationwide, is moving from its corporate offices in Brentwood, Tennessee with construction of a seven-story, 175,000-square foot building in neighboring Franklin, Tenn.
Boyle Investment Co., which has offices in Nashville and is headquartered in Memphis, is the developer for the $32 million project. Boyle acquired 40 acres – a portion of which will house the Community Health Systems headquarters – off of Carothers Parkway just east of Interstate 65 from the Industrial Revenue Board of Williamson County in June.
Called Meridian Cool Springs, the overall Boyle project will be mixed-use development with 595,000 square feet of office space, 48,700 square feet of high-end retail shops and more scheduled to begin later this summer, with an anticipated completion date of December 2006.
With the opening, Community Health Systems will employ a total of 800 people in Williamson County.
The state Economic and Community Development Commission contributed $750,000 in infrastructure and workforce development incentives for this project.
“We recognize the economic impact of attracting and retaining corporate headquarters in our state, and we’re very please to keep Community Health Systems as one of our valued employers,” Matthew Kisber, commissioner of the Economic and Community Development Commission, said in a statement.
Community Health Systems Inc. (NYSE:CYH) operates general acute care hospitals in rural areas in 21 states across the country. In the Memphis region, the company operates the 62-bed Haywood Park Community Hospital in Brownsville; the 225-bed Dyersburg Regional Medical Center in Dyer County; the 45-bed Henderson County Community Hospital in Lexington; the 100-bed Volunteer Community Hospital in Martin, the 45-bed McKenzie Regional Hospital in Carroll County; the 154-bed Regional Hospital of Jackson in Madison County; the 45-bed McNairy Regional Hospital in Selmer, the 155-bed Helena Regional Medical Center in Phillips County, Ark; and the 133-bed Harris Hospital in Newport, Ark.