How a California hospital will reopen with a $50M loan

Madera Community Hospital, which has been closed since December 2022, received the largest payout in the California Distressed Hospital loan program, KVPR reported Aug. 25.

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The hospital will get $50 million after the state approves a reopening plan with Roseville, Calif.-based Adventist Health. In the meantime, Madera was awarded $2 million to help with operating costs.

The reopening timeline is projected to take place in the next six to nine months.

Originally, Madera Community Hospital asked for $80 million from the state. Adventist reached an initial agreement to take over Madera Community Hospital in July.

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