Elgin hospital is no longer on ‘life support’ after Bank of North Dakota loan

By: Jacob Orledge

Outlets: North Dakota Monitor

Published: June 8, 2026

Words: 711

Last Updated: 3 days, 20 hours ago

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A hospital in southwest North Dakota is on more stable financial footing after being approved for an emergency $5 million loan from the Bank of North Dakota.

The loan, authorized during a special session of the North Dakota Legislature in January, has helped the Jacobson Memorial Hospital Care Center pay off its existing debts and build a 30-day cash reserve as it seeks to enter a new era with more financial stability.

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