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GMH board approves loan

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by Sabrina Salas Matanane

Guam - The Guam Memorial Hospital's board of directors on Monday night approved a resolution authorizing the $12 million loan with the Bank of Guam. The loan provides GMH with secured funding sources that will be used to pay past due bill and critical hospital vendors. 

GMH will make loan payments using dedicated funding from the Healthy Futures Fund, as well as Pharmaceutical Fund allotments and patient revenues.

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