Palomar UCSD Health Authority Board of Directors Meeting Materials 2026-05-18
Authority Assumes Co‑Borrower Role on UCSD Finance Facilities
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Description
The Initial Contribution Agreement confirms UCSD Health’s $30 million in prior advances to Palomar and a $50 million revolving credit line under existing loan and credit agreements. The Palomar UCSD Health Authority will join these agreements as co‑borrower, sharing responsibility for the financing that underpins the new joint operations.
Contract Details
Contract Amount
$30,000,000 in Pre‑Authority Advances plus $50,000,000 revolving credit line
Vendor
UCSD HEALTH
Agency
Palomar Medical Center Poway, CA
Contract Type
FINANCIAL_SERVICES
Document Date
May 18, 2026
Contract Term
Pre-Authority Advances before and concurrent with JPA formation; $50,000,000 revolving credit line available under Credit Agreement dated October 31, 2025
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