Community leaders seek $7.8M in donations to save California hospital

A group of business leaders in Watsonville, Calif., is looking to raise the last $7.8 million out of $67 million needed to acquire the bankrupt Watsonville Community Hospital, according to a letter published Aug. 2 in Lookout Santa Cruz.

Advertisement

The hospital has been in bankruptcy for more than six months, and organizers are working on a plan to convert the hospital to a non-profit with a board of directors rooted in the community. 

In addition to fundraising, current efforts include negotiating hospital facility rent down by 25 percent, earning reaccreditation for the cath-lab, and investing in needed infrastructure to improve insurance collections.  

According to the letter, the hospital serves about 30,000 patients annually and employs 600 people. 

Advertisement

Next Up in Financial Management

Advertisement

Comments are closed.