The sale of a former K-Mart property on Belmont Avenue was finalized Wednesday afternoon. 

Alan Friedkin of Friedkin Realty confirmed that the property will be used for the 60-bed hospital Mercy Health Rehabilitation Hospital. 

Mercy Health and Lifepoint Rehabilitation, another business unit of Lifepoint Health, announced a separate joint venture partnership in May 2022 to construct Mercy Health Rehabilitation Hospital.

Construction on the hospital is set to begin this year, and bis set to open in summer of 2024. 

The hospital will treat patients who suffer from stroke, traumatic brain injury, spinal cord injury, complex neurological disorders, orthopedic conditions, multiple trauma, amputation and other injuries or disorders that have impacted a patient's functional or cognitive skills.