Nov. 10. 2017
Summit Medical Group and Summit Strategic Solutions officials broke ground Nov. 10 on a new facility at the Middlebrook Pike medical corridor in Knoxville.
The two-story, 50,000-square-foot building project is being constructed on an 8-acre site at 1275 Dick Lonas Road and is slated to be completed by December 2018.
It will be built to suit the current corporate office needs of both Summit Strategic Solutions and Summit Medical Group, as well as accommodate future growth. The construction project was initiated by Healthcaring Ventures (HCV), the parent company of Summit Strategic Solutions. HCV, being the holding company launched by Summit Medical Group in 2015 for the identification and implementation of new investment and partnership opportunities, recently has formed a new series LLC company, HCV Realty Investment, to head the development of this and future realty investment projects.
“As our companies continue to grow to meet the needs of patients, clients and the healthcare industry, this new facility will provide the necessary infrastructure to support our current teams and future development,” HCV Chairman Dr. Wesley Dean said.
Summit Medical Group is the largest primary care group in East Tennessee, serving more than 260,000 patients and averaging over one million encounters annually. Summit Strategic Solutions provides managed services, value-based care solutions and other support to physician practices, including Summit Medical Group, as well as health insurance plans and self-insured employers.
“The current reach and potential growth of these companies serving the healthcare industry is significant – from the primary care needs at the community level to the efficiency and quality results at an organization level,” Dean said. “Through this building project and other strategic plans, we continue to invest in the resources that enable us to serve our patients and clients.”
The groundbreaking ceremony included physicians and staff, including Summit Medical Group CEO Ed Curtis and Summit Strategic Solutions CEO Jack Thompson, as well as construction partners. BarberMcMurry is the architect, and Blaine Construction is the general contractor. The project is financed by First Tennessee Bank, and the project consultant is Mackey Brownlee of Brownlee Realty.
Summit Strategic Solutions and Summit Medical Group currently are headquartered at The Atrium Building at 1225 E. Weisgarber Road in Knoxville.
For more information about Summit Medical Group, visit www.summitmedical.com. To learn more about Summit Strategic Solutions, visit www.summitstrategicsolutions.com.