Needing less corporate office space to serve its smaller operations, Unity Health System said last week that it will sell its expansive headquarters in a western St. Louis suburb.
Charter Communications, a large cable company controlled by billionaire entrepreneur and former Microsoft executive Paul Allen, is purchasing the building for an undisclosed sum. The sale is scheduled to close on April 30, 2001.
Unity built the $40 million, 206,000-square-foot office building, moving into it in April 1999. At that time, the system had about 650 corporate employees.
But this summer, two of the system's six St. Louis-area hospitals left Unity to operate as stand-alone facilities--685-bed St. Anthony's Medical Center and 203-bed Alexian Brothers Hospital.
Since then, Unity's corporate staff has been downsized to about 520 employees; many of them, however, have been rehired by the two defecting hospitals.
When the sale is completed, about 370 employees will relocate to another site that Unity intends to lease.
About 150 employees, primarily information systems workers, will remain at leased space in the old headquarters.