After more than nine months of negotiations, UC San Diego Health announced Friday that it will no longer seek a potential partnership with the Tri-City Medical Center Healthcare District.
A final revised offer, which included a financial recovery and growth plan for the financially distressed medical center, was presented to TCMC on July 24, UCSD said in a statement.
“UC San Diego Health remains committed to serving the communities of North County and is continuing with planned expansions of patient care services,” said the release. “The aim of UC San Diego Health remains on increasing and preserving access to safe and high-quality care for patients and their families across the region.”
The offer reportedly included a cash infusion of more than $100 million to help Tri-City shore up its finances and raises of about 20 percent over the next three years for the hospital’s existing employees.
The announcement did not specify the reason that the negotiations fell through.
UC San Diego Health is one of six academic medical centers within the University of California system. It is a 1,101-bed academic health system with primary, same-day and specialty care clinics throughout the region.
UC San Diego Health was recently ranked in the 2024-25 U.S. News and World Report Best Hospitals Survey as the best hospital system in San Diego.
