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Published on September 01, 2021

Former Women’s Hospital Has New Owner

The building is no longer needed as a COVID-19 hospital.

 

The building on Green Valley Road in Greensboro that opened as the first hospital for women in North Carolina and later as the first COVID-19-only hospital in the state, now belongs to Deep River Partners. This change in ownership is part of a real estate swap between Cone Health and Deep River Partners. 

In the multi-step transaction, Cone Health receives a large lot at 708 Green Valley Road. It previously received an office building at 706 Green Valley Rd. Several Cone Health departments are already housed in the building and plans for future development are in process. Health care real estate advisory firm Realty Trust Group advised Cone Health through the transaction.

The deal was reached 18 months ago, but not finalized until today. Deep River Partners postponed its plans for the building so Cone Health could use it as a COVID-19 care facility. COVID-19 ICU

It remained open for that purpose for nearly 11 months.

“I get asked a lot about reopening Green Valley as a COVID-19 facility. We have reached the decision that COVID-19 isn’t going away and has become part of the current health care landscape,” says Cone Health CEO Mary Jo Cagle, MD. “We drew on the lessons from Green Valley, and today we can treat large numbers of COVID-19 patients in our main hospitals.”

The former Green Valley campus opened as Greensboro Hospital in 1977. Cone Health bought the facility and opened it in November 1990 as The Women’s Hospital of Greensboro. More than 150,000 babies were born there. In February 2020, those services moved to the new Women’s and Children’s Center at Moses Cone Hospital. Hospital Room circa 1980

Shortly after the pandemic reached the region, Cone Health reopened the building as the first hospital dedicated to COVID-19 patients in the state, earning international recognition.

More than 4,700 people with COVID-19 were treated at Green Valley campus. COVID-19 testing and a clinic treating people with COVID-19 using monoclonal antibodies moved to other locations earlier this summer.

“We understood the importance of a COVID-19 hospital. And as part of this community, we are aware of its storied history,” says Lowell Easter, partner, Deep River Partners. “We can’t wait to see what the next chapter holds for this area.”