Hospital board OKs $15 million loan toward building project

McCOOK, Neb. — The Community Hospital board of directors approved a $15 million loan to pay for part of the upcoming building project, after $3 million of funds already in hand are used.

The construction loan from Thayer County Bank will be financed by a compilation of correspondent banks in Nebraska, including MNB Bank in McCook, Thayer County Bank, First State Bank, Bankers Bank of the West, Core Bank, Frontier Bank, Sioux Falls SD and Plattsmouth State Bank. The post-construction lending documents will be completed once a contract with construction contractor, Sampson Construction, is complete. This will include lending through Thayer County Bank and USDA Rural Development direct lending. 

The building project includes expanding the Medical Specialists Center and Cardiopulmonary Rehabilitation, and updating the hospital kitchen along with some smaller projects. Sampson Construction hopes to mobilize on site in September to begin preliminary work.

In other business, the board:

— Ratified the appointment of Neil Gohl to the Community Hospital Health Foundation board of directors. Gohl will fill the remaining term of Bill Burton who resigned to move to eastern Nebraska.

— Approved medical staff appointments and reappointments for Telemedicine Staff and reappointments for Active, Affiliate, Courtesy and Consulting Medical Staff privileges.

— Heard Steve Shaner, Strategic Planning Manager, and Seed Champions, Karen Kliment Thompson, Sean Wolfe, Troy Bruntz and Leanne Miller, present the quarterly balanced scorecard report to the board. The group also participated in updating and validating the strategic flowdown matrix as part of the strategic planning process timeline.

— Learned of the financial audit review to be presented by Seim Johnson on September 12 as well an upcoming Sampson Construction project review meeting.