St. Luke's Hospital, Medical Facilities Corporation and NueHealth to Partner with Local Physicians to Develop a New Ambulatory Surgery Center at St. Luke's in Chesterfield
New surgery center will initially offer five specialties, including outpatient total joint replacement
ST. LOUIS and CHESTERFIELD, Missouri, May 28, 2019 /CNW/ - St. Luke's Hospital, Medical Facilities Corporation (MFC) (TSX: DR) and NueHealth LLC today announced plans to develop a new ambulatory surgery center (ASC) on the west campus of St. Luke's Hospital in Chesterfield. The new center will be located on the top floor of the Mr. and Mrs. Theodore P. Desloge, Jr. Outpatient Center, Building B at 111 St. Luke's Center Drive.
The ASC, to be named St. Luke's Surgery Center of Chesterfield, will initially offer five specialties, including orthopedics, gynecology, gastrointestinal (GI), plastic surgery and general surgery. The surgery center will feature extended care rooms to accommodate outpatient surgeries such as total joint replacement of the knee and hip.
Thirteen local physicians have joined the development as owner/partners. Both the number of partner physicians and the specialties will likely increase before or after the new facility opens.
"The shift of select surgeries to lower cost outpatient facilities, which provide a convenient experience for patients, is not just a trend but a valuable change in healthcare," said Christine M. Candio, FACHE, St. Luke's president and chief executive officer. "Our investment in St. Luke's Surgery Center of Chesterfield is a big step forward in meeting the expectations of a healthcare market that demands the combination of the highest quality care, an enhanced overall experience and a lower cost."
"All of us at Medical Facilities Corporation and NueHealth are excited to enter into this partnership to bring the highest quality ASC to the greater St. Louis area," said Robert Horrar, president and chief executive officer at MFC. "We feel we have found an ideal location for this new center, as well as the highest quality partners in St. Luke's and our initial 13 physicians."
The ASC is targeted for a spring 2020 opening. Local architectural firm Archimages, Inc. has been engaged as the architect for the project.
The multi-specialty St. Luke's Surgery Center of Chesterfield, while jointly owned by St. Luke's Hospital, MFC, NueHealth and local physicians, will also be available to other physicians beyond the ownership group, based on availability.
Terms of the partnership were not disclosed.
About St. Luke's Hospital
St. Luke's Hospital is an independent, nonprofit healthcare provider committed to improving the quality of life for its patients and the community. Since its founding in 1866, St. Luke's has grown from a single hospital location to an advanced network of care. It provides personalized healthcare services in over 60 specialty areas at its 493-bed hospital in Chesterfield, Mo. and 143-bed St. Luke's Des Peres Hospital. It also offers more than 30 other locations across the greater St. Louis area, bringing quality healthcare services close to home. St. Luke's is nationally recognized for quality care and consistently earns high patient satisfaction scores. In St. Louis, St. Luke's is the exclusive alliance provider for the nation's No. 1 heart hospital, Cleveland Clinic's Heart & Vascular Institute. For more information, visit stlukes-stl.com/newsroom.
About Medical Facilities Corporation
Medical Facilities, in partnership with physicians, owns controlling interest in five specialty surgical hospitals located in Arkansas, Indiana, Oklahoma, and South Dakota, and an ambulatory surgery center located in California. In addition, through its partnership with NueHealth, LLC, Medical Facilities owns controlling interest in seven ambulatory surgery centers located in Arkansas, Michigan, Missouri, Nebraska, Ohio, Oregon, and Pennsylvania. The specialty surgical hospitals offer a range of high volume, non-emergency surgical, imaging, diagnostic and pain management procedures, and other ancillary services such as urgent care and occupational health. The ambulatory surgery centers perform scheduled outpatient surgical procedures, with patient stays of less than 24 hours. For more information visit www.medicalfacilitiescorp.ca.
About NueHealth
Since 1997, NueHealth has partnered with over 10,000 physician investors and 25 health system partners to develop lower-cost sites of service, expanding into more than 150 facilities, including physician-owned surgery centers, surgical hospitals and orthopedic hyper-specialty centers. Today, NueHealth operates in 23 states, positioning our Ambulatory Centers of Excellence™ (ACE) to be national leaders in the transition to value-based care. For more information, visit www.nuehealth.com.
Caution concerning forward-looking statements
Investors in Medical Facilities Corporation should be aware that statements made in this news release may be forward-looking and therefore subject to various risks and uncertainties. Some forward-looking statements may be identified by words like "may", "will", "anticipate", "estimate", "expect", "intend", or "continue" or the negative thereof or similar variations. Certain material factors or assumptions are applied in making forward-looking statements and actual results may differ materially from those expressed or implied in such statements. Factors that could cause results to vary include those identified in Medical Facilities' filings with Canadian securities regulatory authorities such as legislative or regulatory developments, intensifying competition, technological change and general economic conditions. All forward-looking statements presented herein should be considered in conjunction with such filings. Medical Facilities does not undertake to update any forward-looking statements; such statements speak only as of the date made.
SOURCE Medical Facilities Corporation
Ralph Berry, 901-486-4269, [email protected]
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