ROANOKE, Va. (WDBJ7) -- Carilion Clinic announced Wednesday morning that the company plans to expand the Roanoke Memorial Hospital and the Behavioral Health Building.
Render of the Carilion Roanoke Memorial Hospital expansion
The expansion is part of Carilion's long-term plan to invest $1 billion in the region. The cost of the Roanoke Memorial expansion is expected to exceed $300 million.
Construction will begin later this year and is estimated to take five years to complete.
"This is an exciting day, not just for Carilion, but for our entire region," said Nancy Howell Agee, president and CEO of Carilion Clinic. "After several years of careful planning, we are embarking on a major expansion that will address the growing needs of the 1 million patients we serve and continue the great momentum happening in the Roanoke Innovation Corridor.
The new buildings will replace older structures at the hospital. The new buildings will help serve with clinical care, education and research, according to a press release.
"We are making real, definitive progress. With these investments, our partnership with Virginia Tech, and our forthcoming merger of Jefferson College and Radford University, the Innovation Corridor continues to take shape," said Agee.
Design and construction plans are still being finalized, and community members will be able to voice their input in the process.