1M-SF HealthSouth Shell Upstages $316M Build

BIRMINGHAM, AL-Locally based Trinity Medical Center has scuttled a $316-million expansion plan in a neighboring city for a $236-million proposal to acquire a one-million-sf vacant hospital shell erected in 2001 by HealthSouth Corp. Inc. The road to the closing is destined to be rocky.

Trinity Medical is under contract to buy the unfinished “280 digital hospital” on a 30-acre tract from Daniel Corp., which acquired HealthSouth’s 103-acre corporate campus in the 280 corridor in late January for $43.5 million. Talks with Trinity began two months ago “in earnest” for the medical real estate at 1 Grandview Pkwy., Charlie Tickle, chairman and CEO of Birmingham, AL-based Daniel Corp., tells GlobeSt.com. “It was just a good set of circumstances that came together for us and the city.”

Meanwhile, Irondale City Council held an executive session last night to weigh its options after investing millions of dollars into infrastructure work for Trinity’s 107-acre site off Interstate 459 at the Grants Mill Road exit. Mayor Tommy Joe Alexander is expected to issue a statement today.