A bankrupt San Joaquin Valley hospital whose closure led the state to create a bailout fund for distressed providers could reopen under the banner of two major California medical groups.

UCSF Health and Adventist Health today announced that they plan to team up and submit a plan to revive Madera Community Hospital, which shut down just over a year ago.

Officials from UCSF and Adventist did not disclose a price tag and said they were keeping details quiet given the nature of the bidding process in bankruptcy court. The court has to review and approve the proposal.

“We’re committed to not only reopening the facility but ensuring that these facilities are both clinically credible and financially sustainable into the future,” Suresh Gunasekaran, president of UCSF Health, said during the press call.

San Joaquin Valley lawmakers joined them at a press briefing, where they embraced the partnership. They called it “unique” and a “dream come true” for a region that has fewer doctors per capita than wealthier parts of the state.

‘Restoring faith’ in the quality of health care

They said the proposal would restore critical health services that were stripped away from Madera residents and bring the resources of the University of California Health system to an underserved community.

“The partnership will bring prestige and stability that can help to rebuild community trust and restore faith in the quality of care that customers can expect to receive,” said Sen. Anna Caballero, a Democrat whose district includes Madera.

The news comes just days after UCSF Health announced that it had agreed to purchase two other struggling hospitals in San Francisco from Dignity Health: St. Mary’s Medical Center and St. Francis Memorial Hospital.

UCSF already leads the largest medical education program in the San Joaquin Valley via its regional campus in Fresno where it trains more than 300 medical students a year.