Deal on financing SCBHS debt near

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By Reed Anfinson
Publisher
Swift County Monitor-News

A deal that could save Swift County-Benson Health Services $300,000 annually in interest payments may be nearing agreement.

Benson City Manager Rob Wolfington, Swift County Administrator Kelsey Baker, and Co-CEOs of SCBHS Dan Enderson and Melissa McGinty Thompson have met 10 to 12 times recently to try come up with the right mix of city and county financial assistance.

It has been estimated that by the city and council buying down the debt of SCBHS would allow it to substantially reduce the interest it is paying saving it an estimated $5 million in the coming years. That money could be used to solidify its financial position as well as for capital improvements.

A special meeting of the city, council and SCBHS has been scheduled for Monday, March 30, to vote on the financial assistance package. Conducting that meeting has been complicated by the rapid spread of the coronavirus and the mandated limitations on the size of a group that can meet.

One option under consideration is having each board meeting in its chambers and have a joint video conference....

 

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