Wellmont CVA Heart Institute

With a 40-year history and 45 physicians, Wellmont CVA Heart Institute is nationally ranked in cardiac medicine and is the Tri-Cities’ largest and most experienced group of heart and vascular experts. Its Kingsport, TN, location draws patients from a 50-mile radius, of which approximately 21% (192,000 residents) are above the age of 65. The practice has approximately 85,000 active patients and serves more than 300 patients a day in its heart rehab center. The 57,512 square foot facility features six echocardiography bays, four nuclear stress tests, and a PET scanner.

Wellmont Health System merged with Mountain States Health Alliance in 2018 to form Ballad Health. Remedy acquired the building from a group of physician investors, some of whom were leaving the practice. By divesting their real estate holdings, the physicians gained career options and flexibility. As property manager, Remedy oversaw a full roof replacement and HVAC repair. The practice appreciates not having to focus on building operations so its physicians can concentrate on saving lives.

Wellmont CVA Heart Institute

Part of Ballad Health

Kingsport, TN

Transaction Date: September 2017


57,512

square feet

45

physicians

Physician career

flexibility