Becker's Healthcare March 11, 2025
Escondido, Calif.-based Palomar Health has borrowed $20 million from UC San Diego Health to help the financially struggling system continue to provide care to patients in the region.
The two-hospital system, which is California’s largest healthcare district, reported a $165.1 million operating loss (-18.5% margin) for the fiscal year ending June 30, down from a $29.5 million loss (-3% margin) in the previous fiscal year. Operating losses continued in the second half of the year, according to The San Diego Union-Tribune.
“As a public institution, UC San Diego Health serves as an essential healthcare safety net for the region. If we allow any health system to fail, patient access will suffer, and our staff and facilities will feel the strain,”...
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