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West Tennessee Healthcare purchases LiFT Wellness Center for $2 million plus

West Tennessee Healthcare has purchased the LiFT Wellness Center at 101 Jackson Walk Plaza.

The announcement was made when the Board of Trustees of West Tennessee Healthcare held their monthly meeting at Jackson-Madison County General Hospital, Tuesday.

Jeff Blankenship, Chief Financial Officer, presented a resolution to the board to purchase the LIFT Wellness Center.

The Board approved the resolution to purchase the building at a $2.3 million. The amount was planned and included in the Fiscal Year 2019 capital budget.

West Tennessee Healthcare has been leasing the building since construction to operate the wellness center, clinic, and outpatient therapy services.

October marks seven years since the beginning of construction and the completion of one component of financing for the project, provided to benefit community development efforts.

The event provides an opportunity for West Tennessee Healthcare to purchase the building.

Since West Tennessee Healthcare provided another component of the financing originally, the cash required to purchase the building is reduced by the amount owed back to West Tennessee Healthcare.

(PHOTO: LiFT Wellness Center, 101 Jackson Walk Plaza)
David Thomas, Twitter – @DavidThomasWNWS
https://www.facebook.com/NewsTalk1015/

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