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Saint Louis University Hospital joins SSM Health: 4 things to know

St. Louis-based SSM Health has completed its previously announced purchase of Saint Louis University Hospital, according to a St. Louis Post-Dispatch report.

Here are four things to know about the deal.

1. As of Monday, details surrounding strategy or operational changes at St. Louis University Hospital remained unclear, and there were no details in regard to the "significant investment" SSM plans to make at the hospital, according to the report.

2. The change in control comes after Dallas-based Tenet Healthcare sold the hospital to Saint Louis University, which then sold it to SSM Health.

3. SSM, a nonprofit, Catholic health system, has wanted to include St. Louis University Hospital in its system for years. In 1998, when Saint Louis University put SLU Hospital up for sale, SSM sought to buy it, but Tenet outbid SSM Health by $100 million with a total bid of $300 million, according to the St. Louis Post-Dispatch.

4. The hospital is SSM's first academic medical facility.

 

More articles on healthcare transactions:

Crittenton Hospital inks deal to join Ascension Michigan: 5 things to know
Jameson Health System solicits partners for M&A: 5 things to know

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