Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Council approves joint venture, financing steps for new 40–50‑bed inpatient rehab hospital on CRMC campus
Summary
Cookeville Regional Medical Center and Encompass Health will partner to build a $60 million inpatient rehabilitation hospital on the CRMC campus; council approved CRMC borrowing authorization and a joint‑ownership arrangement and heard staffing and timeline details from project leaders.
The Cookeville City Council on May 15 approved two measures enabling Cookeville Regional Medical Center (CRMC) and Encompass Health to build a new inpatient rehabilitation hospital on the CRMC campus: authorization for CRMC to borrow up to $13,000,000 to support development and construction, and approval of the joint‑ownership arrangement between CRMC and Encompass Health.
CRMC representatives told the council the project will be a joint venture with Encompass Health and is expected to be a roughly $60,000,000 investment. CRMC said the plan calls for an initial 40‑bed tower with…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
