Financing

Blue Mountain Hospital Secures $2.0 Million Debt Financing from USDA Rural Development

Published in Medical Letter on the CDC and FDA, July 22nd, 2007

Blue Mountain Hospital announced that it has secured an additional $2.1 million debt financing from US Department of Agriculture Rural Development. The funds will be used to construct, equip, and operate a new critical access hospital in Blanding, Utah. The remainder of the $23.1 million was raised through a combination of debt, private equity, lines of credit and private donations.

"Blue Mountain Hospital is the culmination of a historic partnership between the Ute Mountain Ute Tribe, Utah Navajo Health Systems and the city of Blanding to service the healthcare needs of all the residents of the Four Corners region who have had limited access to or simply done without...

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Source: Medical Letter on the CDC and FDA (2007-07-22)

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