SSM Health assumes ownership of SLU Hospital

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SLU Hospital. (File photo, St. Louis Post-Dispatch)

ST. LOUIS (KPLR) – A move aimed at improving health care in our area means St. Louis University Hospital will soon be under new ownership.

Saint Louis University is buying SLU Hospital from Tenet Healthcare, then will basically give it to SSM Health St. Louis.

In return, SLU will get a financial interest and governance rights in SSM Health St. Louis.

SSM Health St. Louis will own and operate the hospital and employees will become part of SSM.

SLU and SSM Health leaders say the partnership will give the best medical resources possible to the SLUCare physicians and SSM Health.

“By adding SLUCare and St. Louis University Hospital to our St. Louis network we now can provide a full continuum of care. And as people need to move from one level of care to the next, we can make that transition as seamless as possible,” said Bill Thompson, president and CEO of SSM Health.

SLU President Fred Pestello added, “It will allow us to attract, train, retain an even larger number of medical students and health sciences students so we think this is good for our physicians, this is good for our health staff, our health care staff.”

All of the transactions should be finalized by the end of the summer.