Sutter Health Forgives Loan Interest
SACRAMENTO, Calif., October 16, 2008 - Sutter Health announced today that it will forgive the $4,220 interest owed by community health clinics that took loans offered by the not-for-profit health care network in July. Sutter Health provided $5 million in loans to help community health clinics continue to provide patient care and stay afloat in the wake of California’s budget crisis. Funds offered direct financial support to more than 600 community clinics that were losing funding every day as a result of state budgetary cuts and delays in reaching a final annual state budget.
“Community health clinics play a vital role in caring for the most vulnerable residents in our communities,” said Sutter Health President and CEO Pat Fry. “As a community health partner, we’re pleased that we could help them keep their doors open during this crisis.”
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