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SSM Health to Invest $500M for New Hospital, Outpatient Care Center

SSM Health has committed $500 million to build a new replacement hospital and outpatient care center within the next five years. The new facilities will be located in the immediate vicinity of the current hospital – now known as SSM Health St. Louis University Hospital in Missouri.

The announcement comes as SSM Health and Saint Louis University mark the official start of their expanded partnership, which includes Saint Louis University Hospital joining SSM Health St. Louis. In June, SLU announced it would reacquire the hospital from Tenet Healthcare Corporation and would contribute the facility to SSM Health in exchange for a minority financial interest and governance rights in SSM Health St. Louis. The deal became official Sept.1.

In addition to the planned construction projects, SSM Health will make some immediate capital investments in the current facility to ensure continued exceptional care.

For the past several decades, Saint Louis University’s physician practice, SLUCare Physician Group, and SSM Health, have partnered to provide pediatric and maternal-fetal medicine services to patients at SSM Health Cardinal Glennon Children’s Hospital and SSM Health St. Mary’s Hospital.

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Posted September 8, 2015

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