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A bankrupt San Joaquin Valley hospital whose closure led the state to create a bailout fund for distressed providers could reopen under the banner of two major California medical groups.
UCSF Health and Adventist Health today announced that they plan to team up and submit a plan to revive Madera Community Hospital, which shut down just over a year ago.
Officials from UCSF and Adventist did not disclose a price tag and said they were keeping details quiet given the nature of the bidding process in bankruptcy court. The court has to review and approve the proposal.
“We’re committed to not only reopening the facility but ensuring that these facilities are both clinically credible and financially sustainable into the future,” Suresh Gunasekaran, president of UCSF Health, said during the press call.
San Joaquin Valley lawmakers joined them at a press briefing, where they embraced the partnership. They called it “unique” and a “dream come true” for a region t hat has fewer doctors per capita than wealthier parts of the state.