MAUI
Lingle OKs $10 million loan to money-losing hospital
Gov. Linda Lingle has agreed to grant a $10 million loan to the Maui Memorial Medical Center, the island's only acute-care hospital. The hospital had previously requested a $20 million loan.
The facility needs the money to help pay vendor bills, some of which are delinquent more than three months.
The loan also will allow the hospital address a cash-flow deficit that averages $2.5 million a month.