Mat-Su Health Foundation 15

MAT-SU HEALTH FOUNDATION TO ACQUIRE FOUR ACRES ADJACENT TO MAT-SU REGIONAL MEDICAL CENTER

22-Sep-2017

Wasilla, Alaska – The Mat-Su Health Foundation recently entered into an agreement to purchase four acres of land in front of Mat-Su Regional Medical Center. The land is currently owned by Maple Springs of Alaska. Pending completion of appropriate due diligence, the deal is likely to close in the next 60 days. The foundation has no immediate plans to develop the land.

“This purchase allows us to be a good partner to Mat-Su Regional Medical Center, complementing and enhancing what is clearly the foundation’s most important asset,” said Mat-Su Health Foundation Chief Executive Officer Elizabeth Ripley. “The land is directly in front of the hospital, and adding it to our investment mix is a prudent use of foundation resources.”

The Mat-Su Veterans Wall of Honor is located on the land, and because the foundation has no immediate development plans for the land, the wall will not be affected in the foreseeable future. The foundation is committed to meeting with representatives of local veterans groups as soon as the purchase closes and working closely with them to address any concerns.

The purchase contract is for $1.6 million.

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About MSHF: Mat-Su Health Foundation is the official business name of Valley Hospital Association, Inc., which shares ownership in Mat-Su Regional Medical Center. In this capacity, the MSHF board members and representatives actively participate in the governance of Mat-Su’s community hospital and protect the community’s interest in this important healthcare asset through board oversight. The MSHF invests its share of Mat-Su Regional’s profits into charitable works that improve the health and wellness of Alaskans living in Mat-Su. More information is available online at www.healthymatsu.org.