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Madera Hospital Re-Opening Gets Closer With Arrival of State Loan Funds
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By Edward Smith
Published 4 weeks ago on
June 18, 2024

Operators of Madera Community Hospital on Monday received the first portion of a $57 million loan to reopen the shuttered hospital. (GV Wire Composite/David Rodriguez)

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The first portion of an essential $57 million loan arrived Monday at Madera Community Hospital.

The California State Treasurer’s Office confirmed receipt of the $15 million that the hospital’s operators can use to get the shuttered hospital up and running, according to a news release.

The rest of the money will be delivered as needed, the release stated.

“Madera Community Hospital is a critical part of the continuum of healthcare in the Madera community — it has traditionally seen some of the highest patient volumes in the area and is vitally important to anyone who depends on its health care and life saving services,” said Fiona Ma, California State Treasurer.

Madera Aims for Late Summer/Fall Opening

The Distressed Hospital Loan Program provided zero-interest loans to financially distressed hospitals to help keep them operating. Kaweah Health in Visalia was eligible for $20.8 million.

Madera Community looks to open in late summer or fall, starting with basic services, including the emergency department, according to Matthew Beehler, chief strategy officer with American Advanced Management, the hospital’s operator.

Future departments will be phased back in.

Madera Community closed in January 2023 after declaring bankruptcy. Bankruptcy court approved the offer from American Advanced in February.

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Edward Smith,
Multimedia Journalist
Edward Smith began reporting for GV Wire in May 2023. His reporting career began at Fresno City College, graduating with an associate degree in journalism. After leaving school he spent the next six years with The Business Journal, doing research for the publication as well as covering the restaurant industry. Soon after, he took on real estate and agriculture beats, winning multiple awards at the local, state and national level. You can contact Edward at 559-440-8372 or at Edward.Smith@gvwire.com.

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