ECRMC Amends CHFFA Distressed Hospital Loan Agreement | El Centro Regional Medical Center | CALIFORNIA HEALTH FACILITIES FINANCING AUTHORITY

Scope & details

The full contract record, as filed.

Contract amount

$28,000,000 original principal; $6,222,222.24 forgiven; $21,777,777.76 remaining principal

Contract type

FINANCIAL_SERVICES

Contract term

Repayment in equal monthly installments commencing on the first day of the forty-third month from October 5, 2023, with final maturity no later than eighty-four months from October 5, 2023

Renewal date

2030-10-05

Renewal

Second Amendment adjusts the repayment schedule so that installments begin in the 43rd month after October 5, 2023 and confirms final maturity at 84 months from that date. It also permanently forgives $6,222,222.24 in principal corresponding to payments due from May 1, 2026 through April 30, 2027. The agreement allows potential roll-up into debtor-in-possession financing under chapter 9 if ECRMC restructures before maturity.

Document type

Agenda

Source document

El Centro Regional Medical Center Board of Trustees Meeting Agenda April 2026

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by El Centro Regional Medical Center?

California Health Facilities Financing Authority was awarded this financial services contract by El Centro Regional Medical Center, as recorded on April 27, 2026. The contract value is $28,000,000 original principal; $6,222,222.24 forgiven; $21,777,777.76 remaining principal.

How much is the California Health Facilities Financing Authority contract with El Centro Regional Medical Center worth?

The California Health Facilities Financing Authority contract with El Centro Regional Medical Center is valued at $28,000,000 original principal; $6,222,222.24 forgiven; $21,777,777.76 remaining principal, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agenda record.

Where was this contract approved?

This contract appears in El Centro Regional Medical Center Board of Trustees Meeting Agenda April 2026 (Agenda), dated April 27, 2026 from El Centro Regional Medical Center. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does California Health Facilities Financing Authority hold?

California Health Facilities Financing Authority may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is El Centro Regional Medical Center currently buying?

Explore El Centro Regional Medical Center's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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