The UC San Diego Health (UCSD) in the US has terminated negotiations with Tri-City Medical Center (TCMC) Healthcare District regarding a potential partnership after over nine months of discussions.
Despite a comprehensive final offer, the two parties failed to reach an agreement.
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The final proposal from UCSD to TCMC included a financial recovery and growth strategy.
It promised a $100m cash injection within the initial two years, supplemented by additional financial support such as a line of credit to safeguard TCMC’s financial stability for the first five years.
Under the proposed arrangement, all assets and liabilities would have been transferred to UCSD, which also planned to employ TCMC’s workforce by the fifth year.
TCMC employees were to receive pay raises exceeding 20% over three years.
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By GlobalDataUnder a five-year growth plan for TCMC’s clinical programme, UCSD aimed to introduce comprehensive cancer services with access to trials, sub-specialty services, and enhanced cardiovascular, neurological, pregnancy, and behavioural health services.
Infrastructure improvements were also on the agenda, with capital equipment investments and the implementation of the Epic electronic medical record system to enhance care quality and continuity at TCMC.
UCSD operates numerous facilities, including the Hillcrest Medical Center and Jacobs Medical Center, and is set to open a new multispecialty care hub in Rancho Bernardo.
In a media release, UC San Diego Health said: “UC San Diego Health remains committed to serving the communities of North County and is continuing with planned expansions of patient care services.
“The aim of UC San Diego Health remains on increasing and preserving access to safe and high-quality care for patients and their families across the region.
In October last year, Tri-City Healthcare District entered into a partnership with UCSD to enhance healthcare services in the US region.
