State approves loan to re-open Madera hospital

SACRAMENTO — The Department of Health Care Access and Information and the California Health Facilities Financing Authority approved Madera Community Hospital for a key $57 million, no-interest loan through the Distressed Hospital Loan Program, established by Governor Gavin Newsom in partnership with the Legislature to help hospitals in severe financial stress stay open and keep crucial medical care available in communities across the state. 

Additionally, the California Department of Public Health approved a Change of Management Application filed by American Advanced Management, Inc., for Madera Community Hospital.

Together, these approvals will allow the hospital to begin the reopening process.