November 22, 2024 2:47 pm
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Maricopa County hospital system defaults on $15.4 million loan

Maricopa Medical CenterBy Gary Grado | Arizona Capitol Times

The county’s hospital system for indigent patients has defaulted on a 10-year-old, $15.4 million loan from Maricopa County.

Maricopa County gave Maricopa Integrated Health System the loan in 2005 as seed money for the voter-approved health system, which was established as a separate government body to relieve the county of the financial burden of running Maricopa Medical Center at 26th and Roosevelt streets.

The hospital was losing $15 million a year for a decade before the creation of the special hospital district.

Continued:

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