California hospitals getting loans from $300 million rescue plan bondbuyer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bondbuyer.com Daily Mail and Mail on Sunday newspapers.
The El Centro Regional Center and Pioneers Memorial in Brawley had requested more in state funding, but nevertheless officials are "excited and grateful" for the zero-interest loans.
California’s new lending program for distressed hospitals will provide Madera Community Hospital with interest-free loans of up to $52 million if it can agree on a viable reopening plan with Adventist Health. The state will offer an additional $240.5 million in interest-free loans to 16 other troubled hospitals.