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Riverside County loans $3.4M to keep Palo Verde Hospital open, preventing loss of emergency care for 20,000 residents.
Riverside County has approved a $3.4 million loan and management agreement to stabilize Palo Verde Hospital in Blythe, unlocking $8.9 million in state funding through the Voluntary Rate Range Program.
The move follows a $3.4 million intergovernmental transfer to the state, enabling emergency services to continue amid the hospital’s Chapter 9 bankruptcy.
A strike team from Riverside University Health System has been deployed for 180 days to support operations.
The loan, with a 3% interest rate starting January 2027 and full repayment by October 2031, gives the county first creditor priority.
The hospital, serving about 20,000 residents, faces ongoing financial strain despite prior aid.
The county’s support aims to prevent loss of emergency care, with the nearest alternative over 70 miles away.
El condado de Riverside presta $3.4M para mantener el hospital de Palo Verde abierto, evitando la pérdida de atención de emergencia para 20,000 residentes.