Monday, January 28, 2013

Rogers Announces $45 Million USDA Loan

PIKEVILLE, KY - Today, U.S. Rep. Harold "Hal" Rogers (KY-05) announced the
approval of a $45 million loan from the U.S. Department of Agriculture -
Rural Development (USDA-RD) for a much needed expansion project for the
Pikeville Medical Center (PMC) in Pikeville, Kentucky.

"The Pikeville Medical Center is rapidly outgrowing its facilities and this
loan will fast-track the hospital's expansion project," said Rogers. "Our
rural region suffers from some of the highest health disparities in the
nation, but I commend PMC President/C.E.O. Walter May for his vision and
commitment to changing those statistics and diligently working to relieve
our families from healthcare burdens. I also applaud the USDA-Rural
Development office for recognizing the direct impact its funding support
will have in improving medical services for the thousands of families who
rely on healthcare at the Pikeville Medical Center."

The loan will be used to construct two additional floors to the parking
garage and convert the top three floors of the medical office building into
physician exam rooms. In 2010, the medical center was awarded a $44.6
million Community Facility Direct loan to construct a new medical office
building and a parking garage. This additional funding is vital to meet the
hospital's dramatic growth since construction began on the original project.

Pikeville Medical Center is a regional facility, providing health care
services to a rural population of nearly 69,000 in Eastern Kentucky and
portions of Virginia and West Virginia.

Rogers has served Kentucky's 5th Congressional District since 1981. With a
focus on economic development, job creation, fighting illegal drugs and
preserving Appalachia's natural treasures, he has a reputation for listening
to his constituents and fighting for the region he represents