ECRMC Amends CHFFA Distressed Hospital Loan Agreement
El Centro Regional Medical CenterPublic Hospital · El Centro, CA- Disclosed value
- $28,000,000 original principal; $6,222,222.24 forgiven; $21,777,777.76 remaining principal
- From agenda
- Document date
- Apr 27, 2026
- Renews
- Free account
The 30-second brief
El Centro Regional Medical Center’s Board of Trustees approved a Second Amendment to its Distressed Hospital Loan Program agreement with the California Health Facilities Financing Authority. The amendment forgives $6.22 million in scheduled payments from May 2026 through April 2027, defers repayment start to the 43rd month after October 5, 2023, and confirms $21.78 million in remaining principal to be repaid by 84 months from the original agreement date.
California Health Facilities Financing Authority holds this financial services contract with El Centro Regional Medical Center. Its other public contracts on record include work for Sonoma Valley Hospital and Kaweah Health Medical Center.
The renewal date is on record. A free account shows it, with the renewals for every El Centro Regional Medical Center contract.
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Contract details
- Contract type
- Financial Services
- Amount
- $28,000,000 original principal; $6,222,222.24 forgiven; $21,777,777.76 remaining principal
- Document date
- April 27, 2026
- 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
- Renews
- Free account
- Source document
- El Centro Regional Medical Center Board of Trustees Meeting Agenda April 2026 (Agenda)
California Health Facilities Financing Authority's other public contracts
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Questions about this contract
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.
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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.
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.