TeamHealth will expand in Knoxville, TN by investing $6.7 million to construct additional space adjacent to its current headquarters location. This expansion comes as a result of the healthcare solutions company’s anticipated growth over the next three to five years.
TeamHealth is one of the largest physician services companies, providing staffing services for hospitals in the U.S. for multiple service lines, including anesthesia, emergency medicine and hospital medicine. The company is committed to a patient-centric model of healthcare delivery in partnership with hospitals and physician groups.
“In order to continue providing best-in-class service and support to our clinician community across the nation, we are expanding our home office in Knoxville,” said President and CEO of TeamHealth Michael D. Snow. “The building adjacent to our existing home office will house our growing nonclinical team members that serve our more than 18,000 clinicians that provide care in approximately 3,400 acute and post-acute facilities and physician groups across the country.”
TeamHealth is growing exponentially and is expanding its Knoxville presence to keep up with this anticipated growth. The company is renovating a 62,000-square-foot facility located adjacent to its current Knoxville headquarters. Renovations are set to be finalized in the third quarter of 2016.
“More than 341,500 Tennesseans are employed in the healthcare and medical device industry, and we are grateful that TeamHealth is growing this sector and positioning the organization for future growth in Tennessee,” said Tennessee Economic and Community Development Commissioner Randy Boyd. “This is the second announcement in two years for TeamHealth in Tennessee, and I want to thank them for choosing to expand in Knoxville and for further strengthening Team Tennessee.”
“TeamHealth is one of our region’s largest employers, and their choice to expand their corporate headquarters in Knoxville is going to have a tremendous economic impact,” said Knoxville Mayor Madeline Rogero. “The expected payroll will pump $13.75 million annually into our economy. Competition for economic development wins like this is fierce, and I am so grateful this Fortune 1000 company chose to continue their growth in Knoxville.”
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