IRON MOUNTAIN – A $ 16.9 million loan secured through the United States Department of Agriculture on Tuesday will enable the Dickinson County health system to provide the region with the most technologically advanced medical equipment, officials said in a press release on Wednesday.
“This is the culmination of a two year process, and we are happy to get the loan documents signed and deposit the money into our account,” said Brian Donahue, CFO of DCH. “The improvement in the performance of the hospital over the past two years has finally made the loan possible” he added.
DCH has allocated money for debt refinancing and major capital purchases, including a new linear accelerator used for cancer radiation therapy, a new CT scanner, a new magnetic resonance imaging unit and a new nuclear medicine SPECT CT scanner.
On Tuesday, DCH CEO Chuck Nelson joined members of the DCH Hospital Board Executive Committee and Donahue in signing the closing documents to secure the rural development funds.
“The closure of the USDA loan is an important victory for our organization as it allows us to focus on our future and the growth of this health system,” Nelson said. “Thank you to everyone who supported our pursuit of the loan. And hats off to Brian and his team for crossing the finish line. he said.