News Headlines Article

Palm Drive Hospital votes to sell $10 million in bonds
Santa Rosa Press Democrat

Directors of Sebastopol’s Palm Drive Hospital voted unanimously Friday night to sell $10 million in bonds, which will allow the hospital to exit bankruptcy and establish a fund for capital improvements. The 37-bed hospital, which just three years ago ended the year with a $6 million operating loss, filed for bankruptcy in April 2007, followed by a string of management changes and funding struggles.