The former Victoria Infirmary campus in Glasgow is to sold for housing.
NHS Greater Glasgow and Clyde said the 9.5 acre site would be developed by the Worcester-based not-for-profit housing and care provider Sanctuary Group.
The health board said Sanctuary planned to keep a number of heritage features while creating homes for families, first-time and older buyers.
The developer will consult Glasgow City Council and the local community before making a planning application.
Peter Martin, Sanctuary's group director development, said: "We are delighted to be buying the old Victoria site and are committed to listening to local communities to select the best development solution.
"Our plans are to retain the key heritage features of the site while delivering a beautiful place to live.
"The development will also create much needed jobs and we look forward to beginning this exciting project."
The hospital began treating patients at the site in Langside, on the south side of the city, in 1866.
It closed last year when services migrated to the new Queen Elizabeth University Hospital.
Only one building on the site - a two-storey administration block on the west side - is listed. That means most of the existing buildings could be demolished.
David Loudon, the health board's director of facilities, said: : "The former Victoria Infirmary site has been one of our most high profile disposals so far.
"Its successful sale means we have achieved the best value for money for the site, the site being brought back into economic use and the proceeds reinvested in the delivery of front line services."
- 21 October 2015