- Roseville, CA-based Adventist Health announced Wednesday it has agreed to buy three rural health clinics from financially troubled Colusa Regional Medical Center.
- The acquisition will allow residents to continue having access to care after CRMC ceases operations.
- The 48-bed hospital previously announced that it will close its doors today.
CRMC reported a $4.8 million loss for the fiscal year ending March 31, 2015, and was carrying just over $9 million in debt, the Marysville Appeal-Democrat reported. The hospital stopped providing labor and delivery services in January.
Chief Restructuring Officer and Interim CEO Wayne Allen said in a statement the Adventist Health would be assuming responsibility for community care clinics in Arbuckle, Colusa, and Williams in northern California. “The health system will provide stability and access to health services in our region’s rural communities,” Allen said.
The sale is part of a restructuring plan that could allow CMRC to reopen in the future, Allen told the Sacramento Business Journal. Terms of the deal were not disclosed.
Faith-based Adventist Health runs the largest rural healthcare network in California, covering about 15% of rural health clinics in the state.