California Gov. Gavin Newsom approved a $57 million state loan for Madera Community Hospital to help with reopening, part of a $300 million distressed hospital loan fund.
American Advanced Management Inc will manage the hospital after previous deals with major nonprofit hospital chains Trinity Health and Adventist Health failed. Some concerns were raised regarding the new management firm's track record.
Newsom emphasized the importance of reopening the hospital to provide necessary care to Madera County residents and maintain crucial health care access points in local communities.
AAMI's Chief Strategy Officer and Madera Community Hospital's CEO expressed gratitude to Newsom and state agencies for their support in the hospital's reopening efforts.
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