North Dakota hospital completes $58M financing agreement

Cando, N.D.-based Towner County Medical Center has completed a $58 million financing agreement that will go toward building a critical access hospital and nursing home.

The project will consolidate the Towner County Medical Center and the Towner County Living Center into one facility. The new facility will have 30 skilled nursing beds, five basic care beds and eight inpatient beds, according to a Dec. 21 Greater Commercial Lending news release.

StroudwaterGCL, a group that provides government-backed credit to rural hospitals, facilitated the agreement.

The facility is projected to create 95 jobs and open in 2024.

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