Madera Community Hospital gets first installment of loan to reopen

MADERA, Calif. (KFSN) -- Madera Community Hospital is getting person to reopening aft closing successful January 2023.

State Treasurer Fiona Ma says the infirmary has present received the archetypal installment of its $57 cardinal indebtedness granted done the state's Distressed Hospital Loan Program.

This archetypal magnitude is $15 million.

The authorities says further installments volition beryllium issued arsenic the infirmary shows a request for cashflow related to its larger reopening and turnaround plan.

The indebtedness volition person to beryllium paid backmost implicit six years.

Those payments are expected to commencement a twelvemonth and a fractional aft the indebtedness word begins.