The Regional Medical Center of Memphis (The MED) underwent an 82,000 sq. ft. renovation of existing space thanks to NMTC financing from NDC, River Gorge Capital, Community Hospitality Healthcare Services, and Truist. The renovation of The MED’s Turner Tower created a new Outpatient Ambulatory Surgery Unit shifting current volume from the main operating room, to allow for an additional 1,400 surgeries in the five years following project completion.
The MED, chartered in 1829, is a nonprofit hospital that provides accessible and quality healthcare for roughly 148,000 low-income patients each year. The MED also contains the only Level 1 trauma center throughout a five state region that receives over 4,500 admissions annually. The NMTC equity generated for the project also lessened the financial burden on the nonprofit hospital allowing them to put additional resources toward future facility improvements.