Pikeville Medical Center officials put rumors of a possible sale to rest Wednesday afternoon and instead, announced an expansion for the facility.
They held a news conference in the hospital atrium.
Among the new additions to the hospital are more than 20 new doctors.
Officials say during a tough time for the nation's economy, the hospital is financially back on track.
The board of directors also voted to buy a Linear Accelerator to provide specialized cancer treatment to patients in eastern Kentucky by early next year.