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California bails out distressed hospitals, offers interest-free loans to 17 troubled providers

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Distressed and bankrupt California hospitals will get interest-free loans. Madera Community could reopen with new funding.

California, explained We’re a big state with big challenges. Each morning we explain the top issues and how Californians are trying to solve them.

 

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Gov. Newsom announces distressed hospital loan programCalifornia will provide close to $300 million in loans to 17 hospitals in the state including some in the Bay Area, Gov. Newsom announced Thursday.
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