The owners of a south St. Louis hospital confirmed they are in the process of selling it, though no public announcement has been made.
SA Hospital Acquisition Group, which owns South City Hospital, “entered into an asset purchase agreement with American Healthcare Systems a few months ago,” an attorney for SA Hospital, Mayer Klein, said in an email, KSDK reports.
SA Hospital Acquisition in 2021 purchased South City Hospital out of bankruptcy for about $17 million. South City Hospital had received significant Covid-19 relief funds from the federal government while in bankruptcy.
After purchasing the 190-bed hospital, SA Hospital Acquisition changed the facility’s name to South City Hospital and promised multimillion-dollar upgrades designed to make the for-profit facility more competitive. It also made deals with Barnes-Jewish Hospital and a cardiology group, designed to expand care. Read more.
