The Valley Hospital announced Friday it is building a new main campus near its existing satellite, The Robert and Audrey Luckow Pavilion in Paramus.

The hospital has been unsuccessful in its previous attempts to expand its current location in Ridgewood — where it has been since 1951 — and on Feb. 1 will file a Certificate of Need application with the New Jersey Department of Health seeking approval for the move.

The new hospital has not yet been designed, but the concept includes a three- to seven-story facility with 372 beds, and measuring roughly 910,000 square feet.

The cost of the new facility is estimated at $735 million, according to Valley.

The patient beds will be in single rooms, rather than traditional shared spaces, according to a statement from Valley.

“Research has found that patients cared for in single-patient rooms experience shorter lengths of stay, fewer sleep disturbances and lower rates of hospital-acquired infections.

The plans for the new hospital also call for the creation of universally sized rooms for surgery and procedures. These rooms will be designed to accommodate the latest in health care technology and meet all of the standards to allow them to be used for general surgery, minimally invasive robotic surgery, cardiac catheterizations or endovascular procedures,” according to the statement.

With the move, the Ridgewood location will be repurposed to an urgent care and lab facility, as well as include ambulatory and outpatient services.

“The ‘New’ Valley Hospital will combine Valley’s exceptional level of care and dedicated staff with the latest innovations and advancements in health care,” said CEO and President Audrey Meyers. “This new, state-of-the-art facility will allow us to raise the bar in all that we do — providing world class health care, strengthening our communities and helping people and families live healthier lives.”

When asked what the hospital plans to do if the Department of Health doesn’t approve the Certificate of Need, Meyers said officials are optimistic it will be approved.

“They have approved all the hospitals that have needed to relocate (in the past),” she said, adding that the show of support through the ranks of government was an indication that it would go through.

A media event announcing the move in Paramus was attended by U.S. Sen. Robert Menendez (D-N.J.), U.S. Rep. Josh Gottheimer (D-N.J.), State Sen. Bob Gordon (D-Fair Lawn), Assemblyman Joseph Lagana (D-Paramus), Bergen County Executive James Tedesco III and Paramus Mayor Richard LaBarbiera.

“This is a milestone day for Bergen County,” Tedesco said. “Valley’s commitment to the community has been unwavering, and this exciting project will not only provide greater access to health care for the residents of Bergen County, but will also strengthen our local economy by creating new jobs. Bergen County is well on its way to becoming the health care hub of the state.”

Valley anticipates breaking ground in 2019 and completion by 2023.