Palomar Health may be learning the hard way that it’s not a good idea to borrow money from friends.
As our Tigist Layne reported, Palomar Health has borrowed money from two healthcare systems since 2024. But the $20 million loan it recently got from UC San Diego Health has ruffled the feathers of Sharp HealthCare, the system that in 2024 gave Palomar a $25 million loan.
Layne broke the news Thursday that Sharp HealthCare is now threatening Palomar Health, a public healthcare system, with a lawsuit for allegedly breaching an exclusivity arrangement the two hospital systems established last year.
This week on the podcast, our hosts dig into the beef and explain what this means for Palomar Health’s ongoing financial struggles.
Also: Our hosts have a few updates on parking reforms the city of San Diego is exploring and another leadership shakeup at the San Diego Taxpayer’s Association.