|
Caltech
to purchase St. Luke site
Caltech has
entered into a binding agreement to purchase the former St. Luke Medical
Center in northeast Pasadena from the facilitys owner, Tenet Healthcare
Corporation. Terms of the sale, scheduled to close in late June, have
not been finalized.
Located four
miles from the Caltech campus, the property will be used to augment Caltechs
research and other related activities. It is not expected to be used for
teaching purposes.
Caltech
is excited about the fact that weve been able to identify a substantial
piece of property in Pasadena that gives us the opportunity to contemplate
stra-tegic research initiatives that otherwise would be limited by our
current facilities, says President David Baltimore. This historically
significant facility allows us to think very differently about the future
of Caltech.
Trevor Fetter,
president of Tenet Healthcare, says, Tenets goal has been
to find a buyer that would preserve this important architectural landmark
in the Pasadena community, and were delighted that Caltech has made
that commitment.
Opened in
1933 by the Sisters of St. Joseph of Orange, St. Luke was one of the San
Gabriel Valleys first hospitals. The buildings Spanish-style
dome and facade look much the same today as when the hospital opened.
St. Lukes manicured lawns, terrazzo floors, and winding stairways
epitomize Pasadenas elegant architecture.
Tenet purchased
the facility in 1997, but because of its age and lack of adaptability
to modern hospital requirements, it had lost business in recent years
and was closed last year.
|