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Feb 22

​SSM reveals first look at new SLU Hospital

SSM Health plans to break ground Aug. 31 on its new $550 million SSM HealthSaint Louis University Hospital, with a projected completion date of Sept. 1, 2020.

The health care system released renderings Wednesday providing the first look at the new hospital and ambulatory care center, which includes more than 800,000 square feet of space and 316 private patient rooms.

The design for the new facility, which will be located on 15 acres adjacent to the current hospital off Grand Boulevard between Rutger and Lasalle streets, includes a nine-story patient tower and a three-story ambulatory care center connected by a common space that will include amenities such as the cafeteria, gift shop and chapel.

The hospital will feature an expanded trauma center and emergency department, larger intensive care units and expanded patient parking. With patient rooms on the right and left hand sides of the hospital, the middle section will feature educational space, which hospital President Kate Becker said is key to the hospital’s mission.

“This new design supports our mission both of providing quality patient care and supporting education,” Becker said.

The plans also includes space for future growth. A green space east of the parking garage could be used for future office or retail expansion, the south side of the ambulatory care center was designed to allow for possible expansion, and the hospital includes space to add a possible second bed tower to the west of the new patient tower.

“We could actually double the size of the hospital,” Becker said.

Becker said no decisions have been made yet about the future of the existing Desloge Tower. She said space in the tower is still being used for academic purposes by Saint Louis University. “We’re talking to the university about their interest in continuing use of the hospital space, then we can make decisions about what happens to it,” she said.

Alberici Constructors Inc. is the construction manager for the project. Lawrence Group, in partnership with Hammel, Green and Abrahamson (HGA) and Frank Zilm and Associates Inc., is the architect.

Feb 21

Clayton officials to review big projects planned for busy intersections

Two high-profile downtown Clayton developments will get preliminary reviews Tuesday night at the city’s scheduled Plan Commission and Architectural Review Board meeting. Clayton officials will consider conceptual plans for a $70 million, 24-story luxury apartment high rise proposed for the northeast corner of Forsyth and Brentwood boulevards. Flaherty & Collins Properties, an Indianapolis-based multifamily developer, is proposing the development.

Feb 17

Here’s what you missed at the 40 Under 40 Awards event

Each year, the St. Louis Business Journal recognizes the accomplishments of local professionals with its 40 Under 40 Awards. This year’s winners were honored at an awards event Thursday at the Marriott St. Louis Grand Hotel. The event kicked off with a networking reception and was followed by dinner and opening remarks from Elizabeth Stroble, president of Webster University. Business Journal Publisher Patricia Miller and Managing Editor Vince Brennan presented the awards to this year’s winners.

Feb 17

What is the most well-funded startup in Missouri?

Varsity Tutors, the local education technology startup that provides online tutoring and test prep, is the most well-funded tech startup in the state of Missouri over the last two years, according to research from CB Insights. The Clayton-based company, led by CEO and founder Chuck Cohn, raised $57 million in late 2015 from a group of investors that included musician and TV personality Adam Levine as well as former Answers CEO David Karandish. The CB Insights list excluded funding from debt as…

Feb 16

Larry Rice launches campaign for mayor’s office

Larry Rice, who operates the New Life Evangelistic Center downtown, is entering the race for mayor of St. Louis. Rice announced he will run as a independent candidate in the April 4 general election. “I believe that too many people in St. Louis are suffering,” Rice said in a statement on his website announcing the candidacy. “I want to see the priorities of those in power in St. Louis change from building sporting stadiums to building a higher standard of living for all St. Louisans.” Rice told…

Feb 16

Regulators bar former Wells Fargo Advisors rep

A former broker with Wells Fargo Advisors in Oak Brook,Illinois, has been barred from the securities industry for allegedly “churning” the accounts of a 93-year-old woman and lying to regulators about it. The Financial Industry Regulatory Authority said Matthew Maczko earned commissions of $581,650 and another $84,270 in fees from four accounts worth $3 million, according to the agency’s letter of acceptance, waiver and consent. Maczko had executed over 2,800 transactions in the four accounts from…

Feb 14

Humana, Aetna terminate merger deal

Humana Inc. and Aetna Inc. have terminated their merger agreement. Louisville-based Humana (NYSE: HUM) issued a news release this morning to announce the “mutual termination” after last month’s federal court ruling that blocked the transaction. Under the terms of the merger agreement, Humana is entitled to a breakup fee of $1 billion, and the company said today that would amount to about $630 million after taxes. Aetna chairman and CEO Mark Bertolini said in a news release that “the current environment…

Feb 14

Prairie Farms’ merger with $325 million Iowa co-op approved

Prairie Farms’ pending merger with Iowa-based Swiss Valley Farms has been approved by members of both dairy cooperatives, the company announced recently. No financial details were disclosed, but the deal, first announced in December, is expected to close March 31. Swiss Valley reported $325 million in annual sales, according to its website. Swiss Valley’s cheese portfolio will help Prairie Farms boost profit after seeing a multi-year decline in its milk sales. Prairie Farms’ 2015 revenue,…

Feb 13

Celebrate Valentine’s Day at one of these romantic restaurants

Total spending for Valentine’s Day is expected to reach $18.2 billion, down from $19.7 billion from last year, according to the National Retail Federation. This year’s survey found that consumers will spend about $3.8 billion on an evening out. So where should you spend those dollars on Tuesday? Scroll through our gallery to see some of the most romantic restaurants in St. Louis, according to TripAdvisor reviews. Also popular this year are gifts of experience, including tickets to a concert…

Feb 13

Outdoor sporting goods retailer with 3 St. Louis stores reportedly near bankruptcy filing

St. Paul, Minnesota-based hunting and outdoor retailer Gander Mountain Co. is preparing to file for bankruptcy, perhaps as soon as this month. That’s according to a report from Reuters, which cites unnamed sources familiar with the matter. Gander Mountain has hired Minneapolis law firm Fredrikson & Byron and New Brighton-based Lighthouse Management Group as a financial advisory firm as it prepares its filing. Gander Mountain officials declined to comment, with a spokesman telling the Star Tribune:…