To head off hospital closures, California legislators are fast-tracking a loan program
Stay up-to-date with free briefings on topics that matter to all Californians. Subscribe to CalMatters today for nonprofit news in your inbox. Cali...
Stay up-to-date with free briefings on topics that matter to all Californians. Subscribe to CalMatters today for nonprofit news in your inbox. California hospitals in financial trouble will soon be able to apply for interest-free state loans, although key questions about the selection process aren't yet resolved. The Legislature on Thursday approved a bill that will allocate a one-time sum of $150 million from the general fund to aid hospitals that are facing severe financial distress and are at risk of closure, or that have closed but have a plan to reopen.