The deadline for Scott County and SM Promen to reach an agreement for the Scott County hospital has been extended to Feb. 28.
SM Promen, the potential hospital provider has committed to having $2 million in the bank by February 28. President Irving Sawyers says another $1 million is expected, and he says $3 million is needed to run the hospital.
The state's Attorney General's office has said it will sign off on the deal once the company proves it has the money.
SM Promen also committed to a $20,000 check to cover February operating costs for the hospital.
The hospital was closed last May after the county could not reach an agreement with HMA, the company that operated the hospital as St. Mary's of Scott County.