Bankrupt California Hospital Receives Lifeline From Adventist, Report Says ...Middle East

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Bankrupt California Hospital Receives Lifeline From Adventist, Report Says
Bankrupt Madera Community Hospital has received a last-minute lifeline from the hospital chain Adventist Health, which reached a preliminary agreement to take over the shuttered hospital and save it from liquidation, The Fresno Bee reported July 27. The deal comes as a federal bankruptcy court in Fresno weighs whether to force Madera to sell off its assets to satisfy creditors. The biggest creditor is Fresno’s St. Agnes Medical Center, which walked away from a deal to take over Madera and effectively forced it into bankruptcy. The hospital closed in January. “I can confirm the [Madera Community Hospital] board accepted a letter of intent with a suitor,” Riley Walter, the hospital’s le

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