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Tri‑City CEO says hospital is cash‑flow positive again; partnership with UCSD fell through
Summary
Tri‑City Medical Center CEO Jean Ma told Carlsbad council the hospital has been cash‑flow positive for nine months, described plans for a new psychiatric health facility (PUF), a minimally invasive spine surgery partnership and an ED remodel, and said a proposed affiliation with UC San Diego Health changed terms and did not proceed.
Tri‑City Medical Center President and CEO Jean Ma updated the Carlsbad City Council on Oct. 8, saying the hospital has returned to positive cash flow after severe COVID‑era losses and is pursuing partnership and service expansions aimed at keeping specialty care in North County.
Ma said Tri‑City has been cash‑flow positive for nine consecutive months after having lost roughly $5 million per month at its worst point. The hospital pursued due diligence with several potential partners; a planned affiliation with UC San Diego Health was negotiated but ultimately did not move…
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