CSAC Bulletin Article

State Approves Loan to Begin Reopening of Madera Community Hospital

April 11, 2024

This week, the Department of Health Care Access and Information (HCAI) and the California Health Facilities Financing Authority approved a $57 million no-interest loan through the Distressed Hospital Loan Program to reopen the Madera Community Hospital. In addition, the California Department of Public Health (CDPH) has approved a Change of Management Application filed by American Advanced Management, Inc. These approvals will allow the Madera Community Hospital to begin the reopening process.

The Distressed Hospital Loan Program, which was established through a 2023 budget bill, provides interest-free, working capital loans to non-profit and publicly-operated financially distressed hospitals. Madera Community Hospital joins a list of 15 other health care facilities receiving a total of nearly $300 million in no-interest loans through the Program. Many of the hospitals awarded loans serve rural areas of the state and provide care to low-income communities and communities of color.


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