SSM Health Care posts loss for 2013
SSM Health Care, one of the area’s largest employers, posted a loss of $74.3 million for fiscal 2013 ended Dec. 31, according to health system officials.
The health system is attributing the loss to two one-time events, Steve Van Dinter, spokesman for SSM, told the Business Journal. The system saw a shortfall because of a $61.2 million settlement in Oklahoma regarding disproportionate share hospital (DSH) payments (federal funding for hospitals that serve a disproportionate number of low-income…
Sauce on the Side expanding to Clayton
Sauce on the Side, the calzone shop that opened in downtown St. Louis two years ago, plans to open its second location in Clayton this summer, according to co-owner Brendan Maciariello.
The new location will be located at 7810 Forsyth Blvd. in Clayton, and according to an online listing, the lease rate for the location is $16.50 per square foot. The new location will be about 3,000 square feet, Maciariello said.
The total investment to open the new location will be more than $75,000, Maciariello…
A barbecue kind of week
It’s been a busy week for barbecue restaurants; make that a busy few weeks.
Plans for three BBQ spots were disclosed this week, including BBQ Saloon in the Central West End and Salt + Smoke BBQ in the Loop. The third, a still-unnamed barbecue concept by restaurateur Dave Bailey, will be located at 1011 Olive St. in downtown St. Louis.
Phil Czarnec, owner of Wild Flower Restaurant and Catering in the Central West End, has been looking to open a barbecue spot for several years, according to marketing…
Q&A: Coldwell Banker’s Vatterott expects strong spring market
The spring home sales season nationwide is off to a rough start.
The first few months of the year have been slow for home sales in St. Louis, too, but Glenn Vatterott, director of business development at Coldwell Banker Gundaker, said he expects an overall strong spring market.
In the first quarter, 2,373 sales of residential properties closed in St. Louis County, down 17 percent compared with 2,872 during the same period last year, according to data from the St. Louis Association of Realtors.…
Plumbers Supply Company buys $1 million building to expand headquarters
Plumbers Supply Company has purchased a building at 4540 Swan Ave. in St. Louis next to its existing headquarters, doubling its space.
The $1 million deal closed Monday. Lora and Associates LLC was the seller of the 58,000-square-foot vacant building, according to John Dubuque, president of Plumbers Supply Company president.
With the addition of the building, the plumbing supply company has doubled the space at its headquarters to 116,000 square feet.
PSC, which just moved to its new headquarters…