Calvo Authorizes $12M for Hospital
Loan Pays for Medicines, Supplies, Vendor Bills
Immediate Release: February 1, 2011
The Guam Memorial Hospital Authority will be able to buy much-needed medicines and supplies, now that a $12 million loan has been authorized.  The Governor signed the loan yesterday.
“To say this money is overdue is a big understatement,” Governor Calvo said.  “With this loan, our children and manamko’ can have the medicines and medical supplies they need.”
The news was announced to GMHA employees late yesterday afternoon.  Governor Calvo visited the hospital as part of his tour to all government departments and agencies.
“The funds from this loan will be used immediately to pay our critical vendors to ensure a steady supply of medications and supplies for our patients,” Hospital Administrator Peter John Camacho said.  “We appreciate the longstanding relationship we have with our vendors and we thank them for standing by us.”

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