Wednesday, June 2, 2010

Hospital Foundation AGM

Despite a sluggish stock market, the Lake of the Woods District Hospital Foundation

has been able to generate hundreds of thousands of dollars for the local medical facility.
The Hospital Foundation held its annual general meeting last night and says it transferred
a record 750 thousand dollars to purchase new equipment and carry out capital upgrades.

While revenue from investments has been hit hard in the past couple of years, the Foundation
still managed to generate over 600 thousand dollars through its fundraising efforts.

The Foundation still has its work cut out.

The Hospital says its going to need over eight million dollars over the next five years
in capital projects and equipment purchases.