Even As It Bleeds Cash, Palomar Health Will Continue To Support Medical Group
Palomar’s elected governing board is set to forgive a line of credit that was extended to Arch Health Partners Medical Group for $76 million in principal and $6 million in interest.
The San Diego Union-Tribune:
Palomar Health Sticks With Medical Group It Created Despite $82 Million Loss
Palomar Health in Escondido will continue to support the medical group it helped to created seven years ago despite mounting losses that have reached $82 million. While it might seem intuitive for the North County hospital operator to pull the plug on a relationship that has run in the red for seven years now, experts said market forces that require doctors and hospitals to work together more closely are keeping partnerships like this one intact — even if they bleed cash. (Sisson, 7/9)