ST. LOUIS — SSM Health has agreed to acquire SLUCare Physician Group, the entity that staffs St. Louis University’s medical school, the organizations announced this week.
The deal, pending regulatory and other approvals, will impact more than 600 faculty and medical professionals at SLU’s medical school, in addition to a bevy of administrative and support staff. SLUCare will become an academic physician division within SSM Health in St. Louis. It also will partner with SSM Health Medical Group’s more than 600 providers.
Officials said SSM Health will offer employment to all medical school faculty and staff upon the deal’s closing. SSM Health is targeting a July 1 goal for integration.
St. Louis University, SSM Health, the medical school and SLUCare officials plan to meet with medical school faculty and staff about employment, compensation and benefits over the coming weeks, they said.
SSM Health, a Catholic, not-for-profit health system, also will provide more information about tuition benefits in upcoming meetings. Full-time medical school employees and their families are eligible for free tuition at St. Louis University.
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SLUCare patients won’t experience disruption to their providers or location of services, according to a release.
SLU officials said the deal is a “significant investment” in its medical school, though financial terms of the deal were not disclosed.
“This partnership will expand the scope of our primary and specialty health care, allowing greater access to clinical trials for our patients, while we educate diverse and committed future physicians for our region, and grow our research in the School of Medicine,” Dr. Christine Jacobs, dean of the medical school and vice president of medical affairs, said in a statement.