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

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The facility, which will be between 85,000 and 89,000 square will include orthopedic surgeon and neurosurgeon offices and an outpatient centetrfor physical, occupational and hand therapy and sportsd medicine. An open MRI also will be availablwe atthe center, which will be locatedr on Frank Scott Parkway. Mark Turner, Memorial’s presidenty and chief executive, said the hospital wanted to expanc its orthopedic and neurosciencea lines but was out of The two existing medical office buildingson Memorial’es campus, which are both smaller than the proposee addition will be fully leased by the end of the Pending state approval, Memorial pland to break ground at the end of the year with completionh slated for the summer of 2011.
a 313-bed hospital, reported $239.u million in 2008 revenue. is the architect for the new and is thegeneral contractor. The hospitalp currently has six orthopedic surgeonss andthree neurosurgeons, including Dr. Steven Morton, an orthopedic surgeo n who joinedApril 1. With the new facility, the hospita l hopes to add two to three more orthopedicf surgeons over the nextthree years, Turner In addition, relocating orthopedix and neuroscience services from their currenr locations will free up space for expansion in othef areas.
Memorial is still evaluatinb financing options, but Turner said the hospital is confident aboutr its ability to move forwarr with the project despite the currentreconomic slowdown, which has put many hospitalo projects nationwide on hold. For example, St. Louis-based citee economic conditions for the delahy of construction on three new hospitalsw it had planned for Jefferson Mount Vernon, Ill., and Janesville, Wis. “Lik e everyone, we are concerned about the economy and will continuew tomonitor that, but we don’t anticipat e having any significant issues in securinbg financing,” Turner said. Memorial is currently in the midsy ofa $4.
4 million renovation and expansio of its emergency department. The two-year project is on trackm to be completed bylate