JACKSON, WY — Sage Living, St. John’s Medical Center’s new residential senior care facility, got the final green light from the St. John’s Medical Center Board of Trustees on Tuesday.
The board gave final approval for the budget, size, and scope of the new facility, St. John’s announced in a press release. St. John’s can now finalize a construction contract with GE Johnson for a “Guaranteed Maximum Price” of no more than $37.4 million. The total project cost will not exceed $45.1 million.
St. John’s is still collecting $17 million from the 2017 Special Purpose Excise Tax (SPET) dedicated to the facility. St. John’s Hospital Foundation has agreed to raise another $19 million for the project. With funding secured, St. John’s is on track to break ground this summer.
“Due to the remarkable lead gift from the community through the Specific Purpose Excise Tax (SPET) and the incredible support of St. John’s Hospital Foundation and community philanthropists, we will be able to construct Sage Living without the need to request any additional SPET funding or imperiling the hospital’s financial health,” said St. John’s CEO Paul Beaupré, MD.
Sage Living will replace The Living Center at St. John’s as the hospital’s on-site senior care facility. The new facility will offer more long-term beds, specialized care for residents with memory problems, and a center for acute inpatient rehabilitation.
“The final project scope has significant benefits for residents and the community,” said Linda Aurelio, the daughter of a Living Center resident and member of the Board of Trustees. “I’m very proud of the St. John’s Hospital Foundation, my fellow board members, the Sage Living task force, and our staff for their vision to transform the experience of aging in Teton County.
A public groundbreaking ceremony is scheduled for July 18 at 10 a.m. on the St. John’s Medical Center campus.
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