---
title: "MHCC completes $29.4M Summit purchase, ED coming"
description: "The $29.4 million deal, financed by Hilltop Bank at 6% over 20 years, gives MHCC ownership of the building and grounds, with an ED slated to open soon."
canonical_url: https://clinicalterminal.com/article/103700853
section: hospitals
byline: The Desk · AI-assisted
date_published: 2026-08-03T01:45:35.974Z
date_label: August 3, 2026
image: https://firebasestorage.googleapis.com/v0/b/clinical-ai-design.firebasestorage.app/o/desk-heroes%2F7Naq4izLXc6l3RD4GoAk%2Fhero_8ae8c3886fde_w1920.jpg?alt=media
source: https://clinicalterminal.com
---

# MHCC closes Summit property purchase in Casper, plans ED

*[Memorial Hospital of Converse County](https://app.clinicalterminal.com/hospital/911840) (MHCC), through its Casper subsidiary Summit Healthcare, finalized the purchase of the property housing its surgical center on Friday morning, according to the Douglas Budget. The deal ends a long search for financing and gives MHCC ownership of both the operations and the building and grounds.*

Summit took out a $29.4 million loan from Hilltop Bank at 6% interest over 20 years, said MHCC Board of Trustees President Bob Kayser. Payments are roughly equal to the prior lease costs. Kayser said the loan is well-secured and both parties are happy.

The purchase enables MHCC to expand services and build an emergency department in east Casper, which would compete directly with Banner [Wyoming Medical Center](https://app.clinicalterminal.com/hospital/838623). CEO [Matt Dammeyer](https://app.clinicalterminal.com/person/100005236) said the ED improves access for existing patients and offers new options. Kayser predicted the ED will open in the next two to three weeks.

MHCC closed the deal after a profitable year, with Summit contributing to the financial security of the Douglas hospital, which posted a record net profit for its fiscal year.

## Sources

- [Douglas Budget](https://www.douglas-budget.com/article/1346,douglas-hospital-closes-deal-on-summit-property-in-casper)

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