LOCATION: ATHOL, MA
COST: $19.3 MILLION
SIZE: 112,000 SQ. FT.
TYPE: HOSPITAL EXPANSION
STATUS: IN CONSTRUCTION
Athol Memorial Hospital is a Critical Access, non-profit hospital serving the nine communities of the North Quabbin, MA region. Founded in 1950, the hospital partnered with Heywood Hospital of Gardner, MA in 2013 to form Heywood Healthcare, a community-owned, non-profit healthcare organization bringing expanded and comprehensive health services to the north central region of Massachusetts and southern New Hampshire.
Currently, the Athol Memorial Hospital’s outdated emergency department cares for over 11,000 patients a year. This project entails approximately 43,500 square feet of improvements to the existing 68,000 sq. ft. hospital, including renovation and modernization of the emergency department, and the construction of a new medical office building. The resultant spaces will be enhanced with the latest technologies. Emergency services, audiology, cardiology, diabetes care, oncology, and imaging services will be greatly enhanced, and practitioners’ offices will be centralized on the AMH campus, thereby providing better care to the community and helping to ensure the long-term viability of Athol Memorial Hospital. The new, upgraded facility will also better attract and retain practitioners to this rural community, which remains a longstanding challenge.
To develop and manage this $19.3 million project, Athol Memorial Hospital has engaged M&S Development. M&S took the lead on navigating the complex, multi-layered financing package, which includes $17 million in New Markets Tax Credits allocation. The project achieved financial closing in December 2017. Construction began immediately thereafter with project completion targeted for November 2019.