GMH pays vendors, gets off credit hold - KUAM.com-KUAM News: On Air. Online. On Demand.

GMH pays vendors, gets off credit hold

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by Sabrina Salas Matanane

Guam - The new management team at the Guam Memorial Hospital has been able to negotiate with its vendors to remove it from credit hold, thereby allowing the agency to reorder critical supplies. This came about after GMH this week began paying overdue payment to its vendors up to $5.2 million made as of today.

A portion of the proceeds from the recent $12 million loan was used to pay vendors while the rest was paid from hospital revenues.

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