River’s Edge Hospital Breaks Ground on $46 Million Expansion Project with Help from USDA Rural Development and Peoples Bank Midwest
SAINT PETER, Minn., May 15, 2018 – River’s Edge Hospital & Clinic officials today celebrated the groundbreaking of a nearly $46 million expansion project, alongside USDA Rural Development State Director Brad Finstad and local, state, and national officials.
“Solid infrastructure and modern healthcare facilities play a key role in the economic sustainability of rural communities – attracting new businesses, retaining population and providing opportunities for future growth,” said Finstad. “Not only will these services benefit local St. Peter residents, but they will also address the regional healthcare needs of surrounding communities for years to come.”
River’s Edge Hospital & Clinic serves over nearly 46,000 residents in St. Peter and surrounding communities. The project includes renovation of the existing facility and expansion of approximately 35,000 square feet – providing this facility with the resources necessary to meet the demands of the rapidly increasing populations of the surrounding communities. Once the project is complete approximately 20 full time equivalent positions will be added.
The new addition will create space for a larger emergency department with adjacent ER and Urgent Care services; a new pharmacy with a medication prep room; and 25 patient beds, nursing and support spaces.
Additionally, renovations to the surgery department will allow space for two additional operating rooms, allowing for continued growth.
Funding for the facility came in the form of a $33.3 million USDA Rural Development Community Facilities direct loan and a $5 million commercial loan through partnership with Peoples Bank Midwest. River’s Edge will contribute $7.6 million to the total $46 million project. Nearly $800,000 will go towards health e-connectivity in the form of nurse call, video, voice and data technology and approximately $160,000 will go towards resources for rural mental and behavioral health services.
For more information on USDA Rural Development programs, please contact your local Area Office by visiting www.rd.usda.gov/mn.