Development company Beyond Today will start construction of its wellbeing centre in September/October, investing $34 to 36 million into the region.
Local builder South Coast Constructions will begin the development of the medical centre first, which is planned to be completed and operational in 2016.
Expressions of interest are being taken for the health pods in the Wellbeing Centre.
The development will include the medical centre, health pods for dentistry and podiatry and high and low care nursing for about 100 residents.
Beyond Today director Steve Wright said there was a demand for a health and wellbeing precinct.
"The new Resthaven facility at Port Elliot has been a success and has proven there is demand for facilities which we are proposing," Mr Wright said.
"It is under supplied.
"The Wellbeing Centre will have all the qualities that consist of our housing development at Hayborough.
"It will be green, energy efficient, have open space and plenty of car parking available."
The development will be situated on four hectares of land adjacent to the Fleurieu Regional Aquatic Centre (FRAC) where construction started in late July.
The FRAC is located on the corner of Ocean and Waterport roads on four hectares of land, which was gifted to the City of Victor Harbor and Alexandrina councils by the Wright family, who are the directors of Beyond Today.
"The area where the Wellbeing Centre is to be built has always been earmarked for health and education," Mr Wright said.
"We could build 60 homes on it, but prefer a wellbeing precinct instead."