Bill directing loans to Madera Hospital, other distressed facilities to hit Newsom's desk

A trio of state lawmakers have announced a “major victory” in the effort to address the state’s hospital closure crisis.

SB/AB 112 would create the Distressed Hospital Loan Program, funded by up to $150 million for interest-free loans to nonprofit and public hospitals in “significant financial distress. It was approved in both the Senate and Assembly, and now awaits the signature of Gov. Gavin Newsom.