News Headlines Article

Bill would restrict equity transfers from district-owned hospitals
North Bay Business Journal

Sacramento-based Sutter Health’s practice of equity transfers in Marin and the East Bay has prompted legislation that would restrict them for district hospitals.

State Sen. Ellen Corbett, D-San Leandro, authored SB 1240 in response to Sutter’s practice of transferring funds in and out of both Marin General Hospital – now overseen by the Marin Healthcare District – and the Eden Township Healthcare District in Castro Valley, which oversees Eden Medical Center and San Leandro Hospital.