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UnitedHealth Group invests $5M in Mendocino Coast District Hospital’s bonds

Published on October 27, 2009 at 12:04 PM · No Comments

Mendocino Coast District Hospital received $5 million in capital from UnitedHealth Group (NYSE: UNH) to help the organization deliver quality health care services to Fort Bragg-area residents and rural communities in Mendocino County.

The $5 million purchase of Mendocino Coast District Hospital’s tax-exempt general obligation bonds is part of UnitedHealth Group’s California Health Care Investment Program, a 20-year, $200 million commitment to provide access to capital for health care entities providing services to underserved, low-income and underinsured communities and populations throughout the Golden State.

Proceeds from the bonds will be used to construct and equip and 8,000-square-foot diagnostic-imaging facility, which will include separate rooms for CT-scans, MRIs, Radio-Fluoroscopy, X-rays, ultrasounds, and digital mammography; as well as spaces for administrative offices, and waiting-room and patient areas.

Mendocino Coast District Hospital serves the rural communities of Mendocino County, offering comprehensive medical/surgical services and providing facilities for many specialty practices. The 25-bed acute care hospital is fully licensed by the Department of Health Services and accredited by the Joint Commission on Accreditation of Healthcare Organizations. In addition, Mendocino Coast District Hospital is a member of the American Hospital Association, the Association of California Hospital Districts and the California Hospital Association.

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