It’s official: Tenet completes sale of SLU Hospital to SSM Healthcare

From the St. Louis Business Journal

Saint Louis University Hospital will officially become part of AIM Circle of Elite Organizations SSM Health today.

Tenet Healthcare Corp. on Monday finalized its previously announced sale of SLU Hospital to Saint Louis University. On Tuesday, Saint Louis University will contribute the hospital to SSM Health St. Louis in exchange for a minority financial interest and governance rights in SSM St. Louis. SSM will own and operate the hospital, with SLU Hospital employees becoming SSM employees.

SSM and SLU are planning to hold an event to celebrate the change in ownership Tuesday at 10:30 a.m. in the main lobby of the hospital. Those expected to be in attendance include SSM Health CEO Bill Thompson, SLU President Fred Pestello, SLUCare Physician Group Chief Medical Officer Robert Heaney, SLU Hospital President Kate Becker and Candace Jennings, regional president of hospital operations for SSM Health St. Louis.

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