SSM Health taps planner, reveals purchase price for SLU hospital

Photo courtesy of U.S. News
St. Louis University Hospital  | Photo courtesy of U.S. News

SSM Health is taking the first step to complete its promise of building a new St. Louis University Hospital and outpatient center by 2020.

The Creve Coeur-based health system has tapped Kansas City-based planning firm Frank Zilm and Associates Inc., or FZA, to determine the needs of the hospital and outpatient center. The firm will meet will key leaders from the hospital and physician organization, SLUCare, to gather “critical input” to evaluate current operations, according to a statement from SSM Health.

SSM Health acquired the hospital from St. Louis University on Sept. 1 after the Catholic university bought back the hospital from Dallas-based Tenet Healthcare Corp. The university had sold the hospital to Tenet in 1998 for about $300 million.

On Monday, Tenet Healthcare Corp. disclosed in quarterly filings that it sold the hospital for $32 million. Financial terms of the deal were not previously disclosed.

Read more from the St. Louis Business Journal and St. Louis Post-Dispatch

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