Feb. 28, 2012
/PRNewswire/ -- Cabot Oil & Gas Corporation (NYSE:COG) today announced a substantial pledge of funds to the new hospital project being undertaken by the Endless Mountains Health System (EMHS). The
/ EMHS Community Match Fund will be launched with a
check from the independent natural gas producer with operations in
. The Cabot / EMHS Community Match Fund is structured to leverage additional dollars from other corporations, foundations and the community-at-large. The new fund will be administered by The Community Foundation of the Endless Mountains.
leadership gift on
March 23, 2012
and will match all other donations to the new hospital up to an additional
. The successful campaign will garner a full
toward the new hospital project. The pledge from Cabot Oil & Gas Corporation represents the largest single private donation to the Endless Mountains Health Systems project to date. "Our company is gratified to be a leader in this project and to be advancing superior health care to our neighbors in the Northern Tier," said Dan O. Dinges, Chairman, President and Chief Executive Officer. "Similar to jobs and education, available health care helps define a community," Dinges said. "We want to make sure we are investing in all three.
sees this new Match Fund as an excellent investment in our community. We plan to be a major partner on this new hospital project all the way through to completion."
The donations received through the Match will go directly to funding the construction of the physician's clinic, which requires
for completion. The goal is to have the clinic open with the new hospital; its groundbreaking was held last month on
. It will have access to a multi-specialty physician suite, a six-bay emergency department with an airborne infection isolation room, cardiac/trauma room and a helipad. There will be an expanded operating room, additional exam rooms and increased number of beds. The new hospital will be located on land owned by EMHS in
and will provide top of the line health care while creating jobs for the residents of
"A project of this magnitude requires strong public-private partnership to garner the necessary resources to make it all possible," according to
, EMHS Chief Executive Officer. "We are very fortunate to have
so generously providing the leadership and the resources to encourage private investment in our new hospital. Now our medical staff and employees will be in a facility that mirrors their high quality. We are grateful to
for moving us forward in such a significant way."
is planning a launch event for The
/ EMHS Community Match Fund on
March 23, 2012
at The Community Foundation for the Endless Mountains. Hospital leaders, elected officials, business and community leaders and regional philanthropists will meet to discuss specific details of the new hospital project, the
leadership gift and the overall timeline for The
/ EMHS Community Match Fund campaign.
Endless Mountains Health Systems is a not-for-profit corporation committed to the operation and development of a health system which provides optimum care within the scope of its abilities. The key elements in the EMHS process are quality, service, safety, cost, flexibility and access. EMHS is a licensed 21-bed acute care hospital, short procedure unit, emergency services, and various ancillary services typically associated with a medical facility. EMHS maintain physician offices, including various specialties on-site and have established a vast referral source for additional off-site specialties.