QVMC Gets New Investor

Quincy Valley Medical Center may be getting a new investor – the city of Quincy. City council members say they are looking into to investing $1 million into the center by purchasing 20 percent of the hospital’s debt from Grant County. According to city officials the investment money will come from the general fund, the street fund, the street construction reserve fund and the water fund. $250,000 would come out of each of the four accounts. Quincy officials considered making an investment in 2013 but rejected the idea.