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Central Coast hospitals are getting help from the state

Hazel Hawkins Memorial Hospital and Watsonville Community Hospital are set to receive multimillion-dollar funding from the state.

Source: KSBW 8

WATSONVILLE, Calif. — On Wednesday, Assembly Speaker Robert Rivas' office announced that two hospitals in his district will get financial help from the state.

Hazel Hawkins Memorial Hospital will get a $10 million loan, and Watsonville Community Hospital will get an $8.3 million loan. The money is coming through the state’s Distressed Hospital Loan Program, which will loan $300 million in total to 17 hospitals across the state that are struggling financially. The loans will be zero-interest loans, and they must be paid within 72 months. Hospitals will have an initial 18-month grace period.