The hospital has been losing money for 15 years, contributing to a growing strain on county finances. If it files for bankruptcy, the county will be just the fourth city or county in California to seek its protections, according to the report.
County managers improperly borrowed money from other accounts to keep the hospital afloat, and the loans are a means to pay back these other accounts, according to the report.
County residents will also vote later this month on a tax increase, which is intended to help save the hospital.
Read the Los Angeles Times report on Modoc Medical Center.
Read other coverage on California hospitals:
– California’s Community Hospital of Long Beach to Merge With Long Beach Memorial
– Construction to Begin on California’s Cypress Medical Complex
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