Cannon Falls Hospital District completes transfer of Assets to Mayo Clinic Health System

March 28, 2013

CANNON FALLS, Minn. — The Cannon Falls Hospital District recently approved a resolution to complete the transfer of property and tax levy assets to Mayo Clinic Health System as part of the medical center’s plans to build a new facility. The transfers are effective at the end of this month.

When the hospital district affiliated with Mayo Clinic in 2006, it agreed to transfer the current medical center property to Mayo Clinic Health System in Cannon Falls at the end of a lease agreement expiring on March 31, 2013. The property includes the clinic, hospital and several homes on West Mill and Hoffman streets. The agreement also provided that the hospital district would transfer its land on the south side of Cannon Falls off Highway 52 and approximately $2 million dollars collected through a tax levy.  These transfers were contingent on Mayo Clinic Health System continuing to provide services and beginning construction of a new medical center by April 1, 2013.  The hospital district determined Mayo Clinic Health System has met all of the conditions for the transfers.

Last month, Mayo Clinic Health System announced it will build a new medical center on the land owned by the hospital district. The tax levy dollars along with substantial contributions from the Cannon Falls community and from Mayo Clinic will help fund the construction project. Contractors have already begun preparing the site for construction. Completion is tentatively scheduled for fall of 2014.

In the new medical center, patients and visitors can expect an improved overall experience beyond the continued presence of dependable, high-quality health care. The new facility will have up to 90,000 square feet or nearly three times more space than the current building, allowing Mayo Clinic Health System to expand its emergency medicine care and many other services, improve privacy, and add new technology.

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