Fallbrook Healthcare District seeks way to financially assist hospital as a result of losses in first six months of 2013

FALLBROOK - The Board of Directors of the Fallbrook Healthcare District (District) is actively seeking a way to provide temporary financial assistance to Fallbrook Hospital Corporation (FHC). In late September of 2013, FHC reported that they had sustained substantial losses, nearly $2 million, in the first six months of 2013 in specific service areas referred to as “Core Services” and requested financial assistance from the District.

Since receiving the FHC request, the District has actively communicated with the hospital CEO and has engaged a financial consultant to analyze and review data ma...