News Headlines Article

Troubled hospital makes offer to industry veteran
The Press-Enterprise

A health care industry veteran who has built a career on restoring troubled hospitals is the Board of Supervisors’ pick to become interim CEO of Riverside County Regional Medical Center. Meanwhile, the county’s auditor/controller Tuesday, Oct. 22, issued a dire warning about the county-run hospital’s finances, which he said were “picking up velocity straight down.” Paul Angulo told supervisors the Moreno Valley hospital’s negative cash balance will approach $173 million in two days and is projected to be $90 million when the fiscal year ends in June.