Tri-City Medical Center and UC San Diego Health appear to have parted ways over a partnership that had been in the works for several months, according to a UC San Diego Health news release published Friday, July 26.
UC San Diego Health made its announcement independently of Tri-City, which did not make an announcement. The reasons for the split were also not disclosed.
The health care institutions had been in negotiations for nine months for a potential partnership where UC San Diego Health would help stabilize Oceanside-based Tri-City Medical Center’s finances.
The planned collaboration, announced last October, came in the wake of financial and staffing challenges for the public Tri-City Healthcare District, which covers Vista, Oceanside and Carlsbad. A year ago, the district’s board voted to suspend Tri-City Medical Center’s labor and delivery unit, citing financial concerns.
A final revised offer was presented to the Tri-City district board on July 24, but no agreement was reached, according to UC San Diego Health.
The proposal, UC San Diego Health stated in its announcement, included:
✔ A $100 million cash infusion during the first two years of the agreement, in addition to other financial boosts, such as a line of credit, during the first five years.
✔ A transfer of Tri-City’s assets and liabilities to UC San Diego Health, including transition of employees to UC San Diego Health by the fifth year.
✔ Pay raises of more than 20% over the first three years for Tri-City employees.
The agreement also would have included a five-year blueprint to develop comprehensive cancer-treatment services with access to clinical trials, in addition to cardiovascular, neurological, pregnancy and behavioral health services at Tri-City.
Infrastructure and capital equipment investments were also part of the proposal, according to UC San Diego Health.