Kaiser Permanente, based in Oakland, Calif., has granted Doctors Medical Center in San Pablo, Calif., $4.2 million in emergency cash in order to keep its doors open, according to a San Jose Mercury News report.
Doctors Medical Center is on track to lose $18 million a year. Hospital officials confirmed the hospital would have no money by the end of October without Kaiser's grant, which will keep the hospital operating until the end of the year.
Meanwhile, proposed legislation, which has already passed the state Senate and Assembly, would make borrowing easier for hospitals such as Doctors Medical Center. The legislation awaits Gov. Jerry Brown's signature.
Doctors Medical Center has long struggled to stay financially viable. It declared bankruptcy in 2006, at which time Kaiser granted the hospital $12 million over three years. In April, Doctors Medical Center received a $10 million emergency loan from the county in order to keep its doors open. The hospital is now awaiting approval of a parcel tax that would raise approximately $5 million each year.
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Doctors Medical Center is on track to lose $18 million a year. Hospital officials confirmed the hospital would have no money by the end of October without Kaiser's grant, which will keep the hospital operating until the end of the year.
Meanwhile, proposed legislation, which has already passed the state Senate and Assembly, would make borrowing easier for hospitals such as Doctors Medical Center. The legislation awaits Gov. Jerry Brown's signature.
Doctors Medical Center has long struggled to stay financially viable. It declared bankruptcy in 2006, at which time Kaiser granted the hospital $12 million over three years. In April, Doctors Medical Center received a $10 million emergency loan from the county in order to keep its doors open. The hospital is now awaiting approval of a parcel tax that would raise approximately $5 million each year.
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