Tax-free bonds will help SSM Health Care
SSM Health Care Corp. will receive $16.5 million in tax-exempt bonds to renovate and equip its hospitals and health care facilities, the Missouri Department of Economic Development announced Wednesday.
SSM Health Care a Catholic, not-for-profit health system will make improvements to Cardinal Glennon Children Medical Center in St. Louis, St. Clare Health Center in Fenton, St. Joseph Health Center in St. Charles, St. Joseph Hospital West in Lake Saint Louis, DePaul Health Center in Bridgeton and St. Mary’s Health Center in Jefferson City.
The state’s private activity bonds, provided by the federal government, are part of a greater bond issue of $581 million that will be sold in Wisconsin and Missouri, said SSM spokesman Chris Sutton.