Loan to help pay for new Boone Memorial Hospital

Construction work could start as soon as next month on a replacement facility for the existing Boone Memorial Hospital in Madison.

Earlier this week, hospital officials announced a $31.8 million loan from the USDA had been secured for the new hospital.  It’s being called the largest direct loan ever in West Virginia from the USDA.

Officials with Boone Memorial Hospital said they’ve been working for eight years to secure funding for the replacement hospital project.  “The USDA loan has made the construction of the new hospital feasible,” said Tommy Mullins, Boone Memorial Hospital CEO.

The current hospital was built in 1964.