A long-standing Fresno County hospital is closing. Coalinga Regional Medical Center announced Tuesday it will shut its doors within six weeks.
The hospital’s facilities are set to close by June 15. CEO Wayne Allen came on only three weeks ago, shortly before S&P Global Ratings put the hospital on CreditWatch due to the deterioration of its financial situation.
Allen was hired to turn the hospital’s finances around but he says he was too late. "What’s happening is the business is financially broke; insolvent," Allen says. "And we had to go into a closure mode."