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The Honolulu Advertiser
Posted on: Monday, April 13, 2009

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.