By Bernard J. Wolfson | KFF Health News
Adventist Health has also agreed conditionally to manage Madera if it reopens. If all goes well it would take six to nine months to reopen, officials said. Trinity, which had loaned Madera $15.4 million during their merger talks, became its largest creditor in the bankruptcy that ensued. At the time of its bankruptcy filing in March, Madera reported total debts of just over $30 million.to manage Madera. At the time, Kerry Heinrich, Adventist’s president and CEO, said that if the shuttered hospital got the requisite financing, Adventist Health would use its expertise in “helping to secure a sustainable future for healthcare” in the county.
State political leaders representing the region expressed satisfaction with Thursday’s news. “It brings me tremendous relief to know that Madera Community Hospital and Hazel Hawkins Memorial Hospital in San Benito County have received grant awards and will be able to ensure that community members can once again receive services in their own communities,” said Sen. Anna Caballero, a Democrat who represents the areas in which those facilities are located.
With $52 million from the state, Madera Community Hospital would still need to find an additional $33 million. Madera said in a
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