The Department of Health Access & Information (HCAI) awarded close to $300 million in no-interest loans to 17 healthcare facilities through the Distressed Hospital Loan program established through Assembly Bill 112. The award was announced on August 24th. This program targets nonprofit and publicly operated hospitals that belong to integrated healthcare systems with less than three separately licensed hospital facilities. The Distressed Hospital Loan Program is jointly administered by HCAI and the California Health Facilities Financing Authority. Loans are zero-percent interest, payable over 72 months with an initial 18-month grace period and the program will sunset on December 31, 2031. 

The following hospitals received dollars through this program, with RCRC member county hospitals bolded: 

  • Beverly Hospital

  • Chinese Hospital 

  • Dameron Hospital Association 

  • El Centro Regional Medical Center 

  • Hayward Sisters Hospital, dba St. Rose Hospital 

  • Hazel Hawkins Memorial 

  • John C. Fremont Healthcare District 

  • Kaweah Delta Health Care District 

  • Madera Community Hospital 

  • Martin Luther King, Jr. Community Hospital 

  • Palo Verde Hospital 

  • Pioneers Memorial Healthcare District 

  • Ridgecrest Regional Hospital 

  • San Gorgonio Memorial Healthcare District 

  • Sonoma Valley Hospital 

  • TriCity Medical Center 

  • Watsonville Community Hospital 

For further information, contact RCRC Policy Advocate, Sarah Dukett.