Memorial Hospital Completes Funding For New Hospital

Memorial Hospital of Lafayette County in Darlington has completed the financing to build a new $55.5 million facility, which also will include space for behavioral health and mindfulness sessions. The funds include a $30.87 million revenue bond and $15 million general obligation bond in direct loans from the USDA, and a $5 million guaranteed loan, all of which will be paid for by the proceeds of the hospital.  In addition, Memorial Hospital of Lafayette County was awarded a $1 million Emergency Rural Health Care Grant. As a critical access hospital, the current facility has served the area since 1952. Construction on the new hospital is expected to begin in February of 2023 and completed by the summer of 2024. The current facility on Clay Street in Darlington will be in operation during construction.