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El Centro council approves asset transfer of regional hospital to Imperial Valley Healthcare District
Summary
The El Centro City Council approved an asset transfer agreement to move ownership and operations of El Centro Regional Medical Center to the Imperial Valley Healthcare District; the measure passed 4–0 with one abstention and follows state legislation that created IVHD.
The El Centro City Council approved an asset transfer agreement to transfer assets and liabilities of El Centro Regional Medical Center to the Imperial Valley Healthcare District, council members said during a public meeting. The motion passed with four votes in favor and one abstention.
Robert Sawyer, city staff presenter, told the council the agreement formalizes a March 11, 2025, term sheet and “includes property ownership, license transfers, financial contributions, and detailed representations and warranties governing the transition of the hospital operations and associated assets to IVHD.” Sawyer said the agreement also “addresses critical financial and legal matters such as bond obligations, distress loans, and closing requirements, ensuring a clear framework for the transfer process to continue.”
The transfer follows state legislation creating the district. Sawyer referenced AB 918 as the…
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