MRH to receive $37.5 million from USDA

USDA Rural Development has announced approval of $37.5 million in loans for a planned $42.5 million expansion project at Mobridge Regional Hospital. According to Julie Gross of USDA RD, the hospital will utilize a direct loan of $30,074,000 and a guaranteed loan of $7,518,000, leveraged with an applicant contribution of $5,000,000 for a total project cost of $42,592,000, to renovate and expand…

To access content, please login or purchase a subscription.