Summit Pacific Medical Foundation announced it has received a $320,000 grant from Timberland Bank and the Federal Home Loan Bank of Des Moines.
“This grant will ensure that our medical center has the critical equipment necessary for our upcoming hospital addition,” said Brad Thomas, director of Summit Pacific Foundation. “These funds are specifically earmarked to purchase an MRI machine for our Diagnostic Imaging department, a key part of our ongoing expansion.”
Summit Pacific Medical Center broke ground on its expansion project in early 2024, aiming for completion by spring 2026. Despite ongoing construction, the hospital remains fully operational and continues to provide care to the community.
Summit Pacific operates 10 acute care beds within its 40,000-square-foot facility built in 2013. The expansion will nearly double the facility’s footprint by adding 30,000 square feet, allowing the hospital to reach its 25-bed licensed capacity. The project will also add five observation beds, expand the Emergency Department space from 10 to 16 rooms, and provide a new, 24/7 MRI service.
“We are very grateful to (Federal Home Loan Bank) Des Moines for offering a matching grant program like the Member Impact Fund,” said Dean Brydon, chief executive officer of Timberland Bank. “Through the rural hospital in Elma, Summit Pacific Medical Foundation provides essential healthcare to the Grays Harbor community. We are proud to support this vital organization in partnership with (Federal Home Loan Bank) Des Moines.”
In addition to the $320,000 from Timberland Bank and the Des Moines grant, Summit Pacific has secured approximately $60 million in revenue bonds for the expansion project. The revenue bonds allow the hospital to fund growth without placing a tax burden on the local community. Revenue bonds also support long-term financial stability.
“With the generous support from Timberland Bank, (Federal Home Loan Bank) Des Moines, and our other financial resources, Summit Pacific is excited to enhance our community’s healthcare services even further,” Thomas said.
