California hospital to use $116M bond for recovery

Watsonville (Calif.) Community Hospital, a publicly owned hospital approaching financial stability since emerging from bankruptcy, would use a potential $116 million bond to improve its finances further, Lookout Santa Cruz reported Dec. 27.

If the bond is approved by voters, the hospital will invest it in buildings and equipment. Watsonville Community Hospital, which declared bankruptcy in December 2021, has reduced costs by between 70% and 80% this year.

The Pajaro Valley Healthcare District board of directors unanimously approved the bond measures. Voters will decide on the bond in March.

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