Shuttered California hospital files for bankruptcy

The financially troubled Madera (Calif.) Community Hospital filed for Chapter 11 bankruptcy March 10, according to KVPR, the San Joaquin Valley's NPR station.

Madera Community officially closed at midnight Dec. 30, after Livonia, Mich.-based Trinity Health's plan to buy the hospital fell through. Trinity already owns and operates Saint Agnes Medical Center in Fresno, Calif. 

The hospital closure left Madera County's 160,000 residents with at least a half-hour drive to hospitals in neighboring Fresno County. In January, Madera Community's three clinics affiliated with Madera Community also closed

Madera Community leaders had hoped to avoid bankruptcy and looked at a number of options, including looking for another organization to take over operations. However, without a potential buyer coming forward, the hospital moved ahead with the bankruptcy filing, according to The Fresno Bee.

The filing — which court records show comes as the hospital was losing $2 million to $2.5 million monthly during 2022 — indicate assets of between $50 million to $100 million and debts between $10 million and $50 million, the newspaper reported.

Stell Manfredi, vice chair of the Madera Community board, has said the hospital also owes about $2 million to former employees the hospital couldn't pay after its recent closure.

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