Ket­ter­ing Health buys more land in Troy

Par­cel on Wa­ter Street, next to new hos­pi­tal, picked up for $1.35M.

Dayton Daily News - - BUSINESS - By Kaitlin Schroeder Staff Writer Con­tact this re­porter at Kaitlin.Schroeder@cox­

Ket­ter­ing Health Net­work bought more land in Troy next to where its new hos­pi­tal is un­der con­struc­tion.

A spokes­woman said the health sys­tem doesn’t have im­me­di­ate plans for the land at 701 W. Wa­ter St., which it bought for $1.35 mil­lion.

Ket­ter­ing Health has spent more than $12 mil­lion ac­quir­ing prop­erty around the Miami Val­ley over the past year.

Ket­ter­ing Health, act­ing as Outrig­ger Group Ltd., bought the ad­di­tional Troy prop­erty in a sale recorded by Miami County on Oct. 17. The land is near the en­trance to down­town Troy.

In April, the hos­pi­tal net­work bought a neigh­bor­ing site where the for­mer Ho­bart Broth­ers fac­tory stood on Main Street for $500,000.

A new hos­pi­tal is now un­der con­struc­tion, which will join the $1.58 bil­lion net­work’s eight hos­pi­tals, 10 emer­gency de­part­ments, and 120 out­pa­tient fa­cil­i­ties.

The three-story, nearly 100,000 square-foot Troy hos­pi­tal is ex­pected to cre­ate 120 new jobs and be a $60 mil­lion in­vest­ment.

The fa­cil­ity will be Ket­ter­ing Health’s en­trance into Miami County, which has now has Pre­mier Health’s Up­per Val­ley Med­i­cal Cen­ter as its only hos­pi­tal.

“What we’re try­ing to do is an­tic­i­pate where health care is headed and to plan for that in a very mean­ing­ful mat­ter.” Roy Chew, pres­i­dent of Ket­ter­ing Health Net­work, said pre­vi­ously.

Pre­mier Health has pushed back against Ket­ter­ing Health’s growth plans, claim­ing it’s mak­ing an un­nec­es­sary du­pli­ca­tion of ser­vices.

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