ATHOL — Athol Hospital has received a $28,150,000 financing package from the Massachusetts Development Finance Agency to build a three-story medical building adjoining the hospital’s existing facility at 2033 Main St.
The package includes an $11,150,000 tax-exempt bond and a $17 million New Markets Tax Credit allocation. This addition will expand the emergency department on the hospital’s first floor, add a rural health clinic on the second floor and provide for office space on the third floor, which the hospital will lease to a local behavioral health services nonprofit.
Athol Hospital will also use proceeds to build parking areas, make infrastructure improvements, renovate existing interiors, and buy and install equipment. TD Bank purchased the bond.
“We are pleased to partner with MassDevelopment to bring the Athol Hospital new emergency department and medical office building to fruition,” Heywood Healthcare President and CEO Win Brown said in a statement. “The North Quabbin communities deserve access to the highest quality care, and we are providing that with a state-of-the-art Center for Emergency Care, complete with new main entrance and radiology suite.”