Financial

7/30/26

Check out this news article about another 37 million dollar real estate purchase!

CLICK HERE FOR MONTEREY COUNTY NOW ARTICLE

7/26/26

Have a look at this!

The latest financial picture along with 2020-2024 administrative salaries are shown above. CHOMP/Montage Health currently has over 12 Vice Presidents, with the top 6 pocketing over $31 million in compensation between 2020-2024. But keep in mind with their average annual Cost of Living Adjustment of 9-10%, those salaries are significantly higher. The Financial Snapshot from the IRS in 2024 places CHOMP/Montage Health’s Total Assets at over $1 billion, with a reported current 2026 value of $1.7 billion. Since 2023, CHOMP/Montage has spent over $120 million which breaks down in the following:

1) 12/2023, $40 million dedicated to forgiving 100% of all medical debt incurred by patients during COVID-19

2) 2025, $15 million Retirement Bonus reportedly given to Dr Steve Packer

3) $37 million purchase of 26135 Carmel Rancho Blvd for development purposes

4) $15 million donation to CSUMB Nursing program

5) $2 million and counting to fight the Union

6) $10 million plus interest as a result of “Stiver vs CHOMP/Montage”

NEWS ARTICLES UPDATED ON 7/26/2026

Click Here to Find Out What Happened to “Extra” COVID-19 Money Slated for Employees!!