Officials with St. Alexius Hospital are exploring whether to put its Jefferson campus on the market in a bid to pay down debts related to its chapter 11 bankruptcy, the St. Louis Business Journal reported. The sale would include the property at Jefferson Avenue and Miami Street in Gravois Park, as well as its bariatric center at 1400 Lemay Ferry Road in south St. Louis County. Both properties are vacant. The sale would not include the hospital's main campus on South Broadway. It's also not likely to include the Lutheran School of Nursing property, which sits adjacent to the Jefferson campus hospital, sources said. St. Alexius' new CEO, Dr. Sonny Saggar, would not confirm the possible sale but said hospital officials are "considering all options." Saggar, who founded urgent care clinics in downtown St. Louis and Creve Coeur, was appointed CEO of St. Alexius about two weeks ago, after having served as its emergency room director. A bankruptcy judge on Feb. 20 appointed Carol Fox, principal with GlassRatner, a financial advisory services and consulting firm in Florida, to be trustee for the hospital's parent company, Americore. That followed word from an official in the case that Americore's then-CEO, Grant White, was under criminal and civil investigation and could not properly manage St. Alexius and other facilities. The judge removed White as CEO. Read more. (Subscription required.)
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