California hospital to reopen Oct. 15 after striking deal with Adventist

Ayla Ellison -

Tulare (Calif.) Regional Medical Center is slated to reopen Oct. 15 after the local healthcare district recently agreed to lease terms with Roseville, Calif.-based Adventist Health.

Tulare Regional Medical Center entered bankruptcy in September 2017 and shut down the next month. After ousting the hospital's management company, the local health district began exploring ways to reopen the facility.

In August, the bankruptcy judge approved an agreement under which Adventist would manage Tulare Regional. The terms of the deal were finalized in late September.

Under the agreement, which requires approval by voters in the Nov. 6 election, Adventist will pay $2.3 million annually to lease the hospital and other buildings on its campus. Adventist also agreed to release the collateral securing a $10 million loan it made to the local healthcare district.

"The lease will enable us to pay off debt, including the loan from Adventist Health, reduce our administrative and operating expenses and ultimately improve our community's health and well-being," said Tulare Local Healthcare District Board President Kevin Northcraft. "We are very excited about what this means for Tulare."

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