Some independent California community hospitals have struggled with rising costs since the COVID-19 pandemic. Three declared bankruptcy this year, prompting the state to distribute interest-free loans.
Seventeen financially distressed California hospitals including three that filed for bankruptcy earlier this year will receive close to $300 million in interest-free loans, state officials announced Thursday.
California announced $300 million in zero-interest loans to 17 struggling hospitals across the state. Each hospital created a plan outlining how the loan will h