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

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.

“We are grateful to UnitedHealth Group for helping enable us to continue our efforts to provide quality care and plan for continuous improvement as we look to enhance facilities and services for our community,” said Raymond Hino, CEO of Mendocino Coast District Hospital.

“UnitedHealth Group is committed to investing in California’s health care infrastructure to help ensure that all Californians have access to quality care. We are pleased to be able to help Mendocino Coast District Hospital meet its community’s health care needs, and we believe it is essential that Mendocino County residents continue to have this important health care resource in their community,” said Steve Nelson, CEO, Western Region of UnitedHealthcare.

UnitedHealth Group offers health benefits, including commercial and Medicare health plans, to more than 2.8 million Californians, and partners with about 50,000 physicians across the state.

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