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PMC receives $5.8 million in COVID-19 assistance

 

April 30, 2020

Petersburg Medical Center has received $5,769,680 in loans and grants to help cover financial expenses and losses being experienced by the facility due to the COVID-19 outbreak, according to PMC Controller Rocio Tejera at a PMC Board of Directors meeting last Thursday.

"Flattening the curving that everybody is talking about has a high price tag and our financial situation has changed," said Tejera.

A majority of the financial assistance has come from Medicare advances and the Payroll Protection Program, according to PMC financial statements presented at the PMC board meeting. The hospital...



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