News Headlines Article

NorCal hospital to get $6M loan

A California hospital may remain open with a bridge loan of $6 million after county officials approved the plan.

The Contra Costa Times reports that Contra Costa County supervisors voted 4-to-1 to transfer $6 million in property tax revenue to Doctors Medical Center in San Pablo so that it can stay open for the next few months while hospital officials come up with a more permanent rescue plan.

The loan represents a third of the hospital’s $18 million deficit, the Times reports.