Madera Community Hospital, which has been closed since December 2022, received the largest payout in the California Distressed Hospital loan program, KVPR reported Aug. 25.
The hospital will get $50 million after the state approves a reopening plan with Roseville, Calif.-based Adventist Health. In the meantime, Madera was awarded $2 million to help with operating costs.
The reopening timeline is projected to take place in the next six to nine months.
Originally, Madera Community Hospital asked for $80 million from the state. Adventist reached an initial agreement to take over Madera Community Hospital in July.