News Headlines Article

Tri-City hospital board approves interest-only loan
North County Times -Paul Sisson

After nearly one year of financial frustration, Tri-City Medical Center appears to have found a willing bank to help the public hospital refinance $53 million in long-term debt. At a special meeting Wednesday night, with thunder and lightening crashing in the heavens outside, hospital trustees unanimously gave Chief Executive Officer Larry Anderson the authority to finish a 15-month, interest-only bridge loan with Los Angeles based CapitalSource Bank.