SSM Health announced Tuesday that it 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.
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 Tuesday.
“While the current hospital has served the community well, we have the opportunity to construct state-of-the-art academic facilities that incorporate the best practices in patient-centered design,” William Thompson, president/CEO of SSM Health said in a news release. “This significant investment will enable us to deliver an improved patient experience and even better care for our community.”
In addition to the planned construction projects, SSM Health will make some immediate capital investments in the current facility to ensure continued exceptional care.
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“We are excited about what these projects will mean for health care in St. Louis and for medical and health education at Saint Louis University,” SLU President Fred Pestello, said in a news release. “We are eager to work even more closely with SSM Health — an organization with shared values and a similar mission — to forge a healthier future for the St. Louis region.”
For the past several decades, Saint Louis University’s physician practice, SLUCarePhysician 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.