Records show explosive growth in dental program at formerly tiny nonprofit now under criminal investigation
Borrego Health filed for bankruptcy in September, days before the state Medi-Cal suspension was set to go back into effect.to the state’s reimbursements suspension, meaning state regulators would continue to pay for Borrego Health to treat its caseload of some 94,000 patients in clinics across San Diego and Riverside counties.
In the initial bankruptcy filing, Borrego Health said it owed thousands of creditors somewhere between $50 million and $100 million. It listed assets worth between $50 million and $100 million in the same document. For example, Borrego Health has reported about $22 million in revenue between July 1 and the bankruptcy filing date in October — a major downturn from the last fiscal year’s nearly $130 million in revenue and the $215 million it reported in 2020-21.
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