News Headlines Article

Palm Drive lines up emergency funding as shutdown looms
Santa Rosa Press Democrat

A U.S. bankruptcy court judge Tuesday approved a $450,000 emergency loan to Palm Drive Hospital from Sonoma County that will help the failed hospital pay for operations and payroll until the final bankruptcy hearing on May 1.

The loan is secured through a lien on the Palm Drive Health Care District’s parcel tax revenue, with the county’s claim being second only to existing certificate holders from district bond offerings in 2005 and 2010.