BUSINESS: LifePoint poised for growth with new HQ
Maryland Farms-based healthcare company will move to Seven Springs
By SUSAN LEATHERS
Brentwood Home Page
Despite the hoopla surrounding a Tuesday announcement, LifePoint Hospitals is preparing to move exactly 4.1 miles from its current Maryland Farms location to a new headquarters to be built across Old Hickory Boulevard at the Seven Springs Office Park.
Both locations have Brentwood addresses, though the move will take the healthcare company from Williamson to Davidson County.
|The master plan for Seven Springs Park includes four office buildings and free-standing amenity retail encompassing approximately 700,000 square feet that will feature environmentally sustainable designs. The LifePoint Hospital Support Center will be 203,000 square feet.|
Nashville Mayor Karl Dean, Gov. Bill Haslam and Tennessee Economic and Community Development Commissioner Bill Hagerty joined LifePoint’s chairman and CEO William F. Carpenter III and Highwoods Properties president and CEO Ed Fritsch in making the announcement.
“Having a homegrown company such as LifePoint grow and succeed in our state is a great compliment to the business climate in Tennessee,” Haslam said. “Identifying and assisting existing Tennessee businesses with their expansion efforts is a cornerstone of our economic development strategy, and this announcement brings us closer to our goal of becoming the No. 1 state in the Southeast for high quality jobs.”
Currently the company has about 400 employees split between three buildings in Maryland Farms. Those employees will move to the new headquarters, which will also allow for company growth, said Diane Huggins, vice president of corporate communications.
The new seven-story, 203,000-square-foot LifePoint Hospital Support Center will allow the company to more effectively and efficiently serve and support its 54 hospital campuses and 24,000 employees located in 18 states. The company has almost 3,000 physician partners.
“We expect in the long term we will add more jobs as we add more hospitals,” Huggins said. The new support center will include a data center and the company’s healthcare IT functions.
The state-of-the-art facility will be owned and managed by Highwoods.
Life Point officials studied potential locations for some time before making the decision to relocate at Seven Springs.
“They looked at many options and this was the best for us,” Huggins said. Life Point plans to break ground in the first quarter of 2012 with completion expected in the last quarter of 2013.
“By consolidating our corporate team into one location, we can better serve our hospitals in Tennessee and across the nation, strengthening their ability to provide the best possible care to their communities,” Carpenter said. “We are proud to be a part of this region’s vibrant healthcare industry and look forward to continuing to expand our team, particularly in vital areas such as information technology.”
The Highwoods-owned, 23-acre Seven Springs Park currently consists of a single 130,000-square-foot office building developed by Highwoods that is 86.4 percent leased. The master plan for the park includes four office buildings and free-standing amenity retail encompassing approximately 700,000 square feet that will feature environmentally sustainable designs.
Seven Springs will be one of the largest concentrations of Class A space available in Davidson County.
Life Point is a member of the Brentwood Cool Springs Chamber of Commerce and chamber president Cindi Parmenter on Tuesday sent her congratulations to Carpenter.
“As (Williamson County Economic Development Director) Matt Largen stated, we view our economy as a regional economy. A move four miles across the county line will mean a loss in certain revenues but will continue to support and boost retail sales in Brentwood restaurants, shops, gas stations, business travel hotels, etc.
“Several other Maryland Farms businesses are growing and others are looking to relocate here so this available space will likely be absorbed quickly,” she said.
“While the chamber focuses on the Brentwood and Cool Springs areas, we do not place geographic boundaries on membership. Life Point is a valuable asset to our business community and will continue to be. We applaud them for their success and are proud to support them in any way possible.”