Twain Financial Partners closed on a hospital modernization project in St. Louis, Missouri with $27 million in ground lease capital, which takes the place of a traditional loan and includes an option to repurchase.
Twain’s financing to South City Hospital will be used for the renovation and modernization of the 150-year old former St. Alexius Hospital (pictured). When completed, the modernization initiative will result in a new catheterization laboratory with advanced diagnostic imaging equipment, as well as a remodeled CT room, cafeteria, psychiatric care department and radiology room. Additional upgrades will be implemented in the intensive care unit, hospital lab, nuclear medicine department and cardiovascular department. Read more.
