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CMC refinances $18 million debt

 

Last updated 10/6/2021 at 7:44am

Chief Nursing Officer Marlene Elliot explains features of CMC's new patient beds Monday. Staff was trained last week on use of the new state-of-the-art beds. - Scott Hunter photo

In a move that will both ease monthly cash needs and add needed upgrades, Coulee Medical Center recently refinanced millions in debt it took on to build the new hospital.

The original debt for a little over $23 million has been whittled down to a nearly $18.9 million loan, with $1 million of that tagged for upgrading equipment, including all new state-of-the-art patient beds.

The move captures...



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