Investment management firm Twain Financial Partners gave South City Hospital, both based in St. Louis, $27 million in ground lease capital for its renovation and modernization project.
The money acts as an alternative to a traditional loan and provides an option to repurchase, Twain Financial Partners said in a Jan. 18 news release.
The project includes a new catheterization laboratory and changes to the CT room, cafeteria, psychiatric care department and radiology room.
It also will make improvements to the intensive care unit, hospital lab, nuclear medicine department and cardiovascular department.