Wisconsin Hospital receives $32.4 million loan - KWWL - Eastern Iowa Breaking News, Weather, Closings

Wisconsin Hospital receives $32.4 million loan



A Wisconsin hospital will be receiving a community facility direct loan. The $32.4 million dollar loan was given to Prairie du Chien Memorial Hospital by the United States Department of Agriculture.

The hospitals current facility was constructed in 1957. After numerous expansions, the outdated building is unable to accommodate growth and future expansion. Enough so, the hospital rents parking from the school district and uses a nearby church parking lot for a helipad.

The Community Facility Direct Loan will be used to construct a new acute medical care facility which will be 40% larger than the hospitals current building. The state-of-the-art health care facility will feature private (single patient) rooms, superior infection control, increased accessibility, and much more.

Bill Sexton is Chief Executive Officer for Prairie du Chien Memorial hospital and is excited for the new health care facility.

"But one of the issues that we have today is some of the space that we currently have in our facility is to small. The flow process is not good. One of the things that we will have in the new facility is all private rooms, for our patients." Sexton said.

The new facility primarily serves four different counties including two in Southwest Wisconsin and two in Northeast Iowa.

"Well one of the things we currently know is that we are located in the state of Wisconsin. But we truly are not a Wisconsin hospital. We are a Wisconsin- Iowa hospital. 40% of our patients and 40% of our staff come from the state of Iowa and we actually have patients and staff that come from distant communities to use our services here. " Sexton said.

The new facility will be located near the Prairie du Chien Municipal airport and cost $50 million dollars. $32.4 million of that coast will be paid for through this loan. The remaining funding will be provided by the recipient, including local bank placement bonds and cash reserves. Construction is expected to begin in April 2013.

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