Memorial Hospital plans $24 million addition - St. Louis Business Journal:

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The facility, which will be between 85,0090 and 89,000 square feet, will include orthopedic surgeon and neurosurgeon officezs and an outpatient centerfor physical, occupational and hand therapy and sports medicine. An open MRI also will be available at the which will be located on FrankScotgt Parkway. Mark Turner, Memorial’s president and chief said the hospital wanted to expand its orthopedix and neurosciences lines but was outof space.
The two existinyg medical office buildingson Memorial’s which are both smaller than the proposedx addition will be fully leased by the end of the Pending state approval, Memorial plans to break ground at the end of the year with completiohn slated for the summer of 2011. Memorial, a 313-bed reported $239.8 million in 2008 revenue. is the architect for the new and is the general The hospital currently has six orthopedif surgeons andthree neurosurgeons, includinfg Dr. Steven Morton, an orthopedic surgeon who joinesdApril 1. With the new the hospital hopes to add two to three more orthopedifc surgeons over the next three Turner said.
In addition, relocatinh orthopedic and neuroscience serviceas from their current locations will free up spaced for expansion inother areas. Memorial is still evaluatinfg financing options, but Turner said the hospitak is confident about its ability to move forwardd with the project despitre the currenteconomic slowdown, which has put many hospital projecte nationwide on hold. For example, St. Louis-based cited economic conditionzs for the delay of constructio n on three new hospitals it had planned forJeffersoh City, Mount Vernon, Ill., and Wis.
“Like everyone, we are concerned about the economy and will continue tomonitort that, but we don’t anticipate having any significan issues in securing financing,” Turner Memorial is currently in the midstg of a $4.4 milliojn renovation and expansion of its emergency department. The two-yeatr project is on traco to be completed bylate