Sale Of Former Maquoketa Hospital Approved To Unknown Buyer

The Jackson County Regional Health Center Board of Trustees has approved an agreement to sell its former Maquoketa hospital, still without knowing the buyer’s identity. Earlier this month, the board approved an offer of $500,000 for the purchase of the former hospital and 12 acres of property. That approval had been subject to board members receiving the name of the buyer, which is establishing an LLC or similar company to serve as final signatory to the agreement. At a special meeting, it was announced that the legal entity is still being formed. The board therefore voted to approve the purchase agreement but extend the closing date by a reasonable extension of time, possibly 15 days but to be determined based on the needs of the buyer and the hospital. The sale previously was set to close on or before January 31st.