Colusa Regional Medical Center has joined a list of more than 60 small hospitals in the United States to close since 2010.
Wayne Allen is the Chief Restructuring Officer. He says the private hospital has lost an average of $3.5 million in each of the last two years. Unlike some other small hospitals, it does not receive government funding.
"We do not have that here in Colusa County. We are a free-standing, stand-alone hospital with no safety net."
Allen says the hospital serves about half the patients it needs to break even, and it's been hit hard by increasing wages and decreasing Medi-Cal and Medicare reimbursements.
He says an increase in outpatient services have reduced the hospital's income, but Colusa Regional has not been able to reduce its employee costs due to hospital staffing requirements.
Allen says he has been in talks with five hospital groups who are interested in taking over the facility. He hopes it could re-open within "two-to-three months."
Colusa Regional Medical Center opened in 1877.
The nearest full-service hospital is 28 miles away in Marysville.