Pikeville Medical Center has been granted a $44.6 million loan to help build an office building and parking garage from the federal stimulus package passed by Congress last year.
The loan, granted Feb. 12, is one of the larger loans in the program, said Katherine Belcher of the U.S. Department of Agriculture Rural Development program.
The hospital's offices will be built on the existing parking lot next to the current 10-story building and will house outpatient surgery, endoscopy rooms, exam rooms and other services. In addition to about 1,400 construction jobs, the project is expected to create nearly 100 long-term jobs.
The project started as a seven-story building, but the hospital will supplement the loan with its own funding to add four more stories, said Chief Operating Officer Jerry Johnson.
"Had it not been for the loan, it would have been hard for us to construct it in the current economy," Johnson said.
The hospital recently opened a cardiology office in Paintsville and is building a new emergency room that is expected to be designated a Level 2 trauma center by the state, Johnson said.