Verity Health System

Force 10 Partners Taps Industry Veterans to Lead Healthcare Performance Improvement Practice

Retrieved on: 
Tuesday, March 14, 2023
Professional Services, Health, Hospitals, Practice Management, Health Insurance, Finance, Consulting, Linda, Magnet, Population health, O'Connor Hospital, Woman, Accountable care organization, Nursing, Chapter 11, Title 11, United States Code, National Association Medical Staff Services, LTAC, Select Medical, County, CMO, CIN, Verity Health System, Trustee, Mortality, Becker's Hospital Review, McIntyre, Sutter Health, Region, EBITDA, Bankruptcy, Growth, Pacific Tower (Seattle), Force 10, Federally Qualified Health Center, Partner, CFO, Community hospital, Princeton University, Eden Medical Center, Hospital, Saint Joseph Hospital (Denver, Colorado), Practice management, ACO, Neuro, Pharmaceutical industry

Force Ten Partners LLC, a leading advisory firm specializing in financial and operational corporate restructuring, has formalized and expanded its healthcare practice to include performance improvement.

Key Points: 
  • Force Ten Partners LLC, a leading advisory firm specializing in financial and operational corporate restructuring, has formalized and expanded its healthcare practice to include performance improvement.
  • Pat Ryan and Robert Minkin joined Force 10 as Managing Directors and co-leads of the healthcare performance improvement practice.
  • Force 10 is also pleased to announce the addition of more team members to its healthcare performance improvement practice.
  • For more information on Force 10's healthcare advisory practice, please see Healthcare Industry - Force 10 Partners .

Octiva Healthcare Names Ron Galonsky CEO; Hospital CEO veteran to lead startup tele-health company

Retrieved on: 
Monday, October 17, 2022
Centra, Bon Secours Charity Health System, Verity Health System, Patient, HCA, Army of the United States, Providence St. Joseph Health, Hospital, Daughter, Medical college, PCP, MD, Health, Tenet, Community Health Systems, CAO, American College, Solution, Duke University, Healthcare, Medicine

LOS ANGELES, Oct. 16, 2022 /PRNewswire-PRWeb/ -- Octiva Healthcare, Inc. today proudly announces the appointment of Ron Galonsky to the position of Chief Executive Officer.

Key Points: 
  • LOS ANGELES, Oct. 16, 2022 /PRNewswire-PRWeb/ -- Octiva Healthcare, Inc. today proudly announces the appointment of Ron Galonsky to the position of Chief Executive Officer.
  • Octiva Healthcare leverages proprietary tele-health technology and analytical capabilities to focus on patients who do not receive adequate support in the current healthcare system.
  • "We are excited to name Ron Galonsky as our CEO," said Marc Futernick, MD, who chairs the board of Octiva.
  • Octiva Healthcare Inc., formed as a joint venture with Titanium Healthcare, Inc. and VEP Healthcare, is a telehealth company that was formed to create a different level of solutions for patients.

Court Rejects Insurance Companies' Effort to Dismiss Antitrust Claims and Limit Damages of Healthcare Providers

Retrieved on: 
Wednesday, June 8, 2022
McLean, Lawyer, Hearing, Insurance, Kirkland & Ellis, Anthem Inc. (album), Alameda County Superior Court, Court, Kirkland, United States bankruptcy court, Memory, Plan, Defendant, Cravath, Swaine & Moore, Public policy, Multiplan, VHS, Trust, SAN, Verity Health System, Plaintiff, Blue Cross Blue Shield Association, LLP, Private law, Mayer Brown, Online gambling, Health insurance, Blues, Bartko

SAN FRANCISCO, June 8, 2022 /PRNewswire/ -- On June 1, 2022, the Honorable Evelio Grillo of the Alameda Superior Court, in VHS Liquidating Trust, et al. v. Blue Cross Blue Shield Association, et al., Case Number RG21106600, issued two comprehensive orders that emphatically rejected the Defendants' attempts to dismiss the Plaintiffs' claims and limit their potential damages. 

Key Points: 
  • v. Blue Cross Blue Shield Association, et al., Case Number RG21106600, issued two comprehensive orders that emphatically rejected the Defendants' attempts to dismiss the Plaintiffs' claims and limit their potential damages.
  • First, the Court rejected Defendants' efforts to dismiss 10 of Plaintiffs' 13 claims and gave Plaintiffs leave to amend the 13th claim.
  • Second, the Court rebuffed Defendants' attempt to limit the damages period, preserving Plaintiffs' ability to pursue subscriber and provider damages dating back to 2008 and 2009, respectively.
  • Bartko is already investigating bringing similar claims on behalf of other providers similarly injured by the conduct of the Blues.

Bartko, Zankel, Bunzel & Miller Files Antitrust Lawsuit Against MultiPlan Co. & Major Health Insurers

Retrieved on: 
Tuesday, November 2, 2021
Hospital, Bankruptcy, SAN, Cigna, San Francisco Bay Area, Partnership, Patient, Insurance, Verity Health System, Collective bargaining, Aetna, Environment, Blue Shield, Multiplan, Employment, Health Net, Health insurance

SAN FRANCISCO, Nov. 2, 2021 /PRNewswire/ -- Bartko, Zankel, Bunzel & Miller filed a lawsuit on behalf of Verity Health Systems Liquidating Trust ("Verity") against MultiPlan and major health insurers for antitrust practices that violate California's Cartwright Act and Unfair Competition Law.

Key Points: 
  • SAN FRANCISCO, Nov. 2, 2021 /PRNewswire/ -- Bartko, Zankel, Bunzel & Miller filed a lawsuit on behalf of Verity Health Systems Liquidating Trust ("Verity") against MultiPlan and major health insurers for antitrust practices that violate California's Cartwright Act and Unfair Competition Law.
  • MultiPlan admits its customers, healthcare insurance companies, paid Verity and other U.S. health care providers billions of dollars less annually than they otherwise would have for at least 10 years.
  • The reduced payments significantly impacted the fiscal health of Verity.
  • Fortune 500 companies, including Blue Shield of California, United Health, Cigna, Anthem, Centene (Health Net), Humana, and Aetna, all agreed to pay the amount specified by MultiPlan.

Innovative Partnerships Group Taps Eric Marton to Lead New IPG Health Division

Retrieved on: 
Thursday, August 26, 2021
Consulting, Professional Services, Health, Other Health, Industry, YPO, United Surgical Partners International, University of California Television, HLF, Verity Health System, University, Medicine, Partnership, UCLA, Cedars-Sinai Medical Center, Leadership, Research, Young, Advertising, IPG, EHealth, Public policy, NYSE, Multimedia, NASDAQ, OTC, Harris Blitzer Sports & Entertainment, WaveMaker, CEO, Organization, Education, Orlando Health, University of California, San Diego, School, Technology, Health, Ascension, Management, Consulting, Professional Services, Health, Other Health

The division will be led by Eric Marton, who joins IPG as managing partner after more than 25 years of leadership experience in healthcare, venture capital, and private equity.

Key Points: 
  • The division will be led by Eric Marton, who joins IPG as managing partner after more than 25 years of leadership experience in healthcare, venture capital, and private equity.
  • Beyond IPG Health, Marton will also play a critical role in accelerating the companys overall growth and expanding its technology portfolio.
  • View the full release here: https://www.businesswire.com/news/home/20210824005148/en/
    Innovative Partnerships Group (IPG) announced today the formation of a new division, IPG Health, focusing on corporate partnership and business development for healthcare and life sciences organizations.
  • The division will be led by Eric Marton, who joins IPG as managing partner after more than 25 years of leadership experience in healthcare, venture capital, and private equity.

[UPDATE] California Attorney General Grants Conditional Approval for Sale of St. Francis Medical Center to Prime Healthcare

Retrieved on: 
Saturday, July 18, 2020
Verity Health System, Geography of California, California, Daughters of Charity Health System, St. Francis Medical Center, Seton Medical Center, Lynwood, California, Seton, Prime Healthcare Services

Lynwood, Calif., July 18, 2020 (GLOBE NEWSWIRE) -- Verity Health and St. Francis Medical Center announced today that the California Attorney General has conditionally approved Verity Healths application to transfer ownership of St. Francis Medical Center to Prime Healthcare.

Key Points: 
  • Lynwood, Calif., July 18, 2020 (GLOBE NEWSWIRE) -- Verity Health and St. Francis Medical Center announced today that the California Attorney General has conditionally approved Verity Healths application to transfer ownership of St. Francis Medical Center to Prime Healthcare.
  • In early April, the U.S. Bankruptcy Court for the Central District of California in Los Angeles approved the Asset Purchase Agreement (APA) for the sale of St. Francis Medical Center to Prime.
  • The Attorney Generals approval includes conditions for the sale which Prime is currently reviewing.
  • Verity Health System operates St. Francis Medical Center in Los Angeles County, as well as Seton Medical Center and Seton Coastside, both in San Mateo County.

California Attorney General Grants Conditional Approval for Sale of St. Francis Medical Center to Prime Healthcare

Retrieved on: 
Saturday, July 18, 2020
Verity Health System, Geography of California, California, Daughters of Charity Health System, St. Francis Medical Center, Seton Medical Center, Lynwood, California, Seton, Prime Healthcare Services

Lynwood, Calif., July 18, 2020 (GLOBE NEWSWIRE) -- Verity Health and St. Francis Medical Center announced today that the California Attorney General has conditionally approved Verity Healths application to transfer ownership of St. Francis Medical Center to Prime Healthcare.

Key Points: 
  • Lynwood, Calif., July 18, 2020 (GLOBE NEWSWIRE) -- Verity Health and St. Francis Medical Center announced today that the California Attorney General has conditionally approved Verity Healths application to transfer ownership of St. Francis Medical Center to Prime Healthcare.
  • In early April, the U.S. Bankruptcy Court for the Central District of California in Los Angeles approved the Asset Purchase Agreement (APA) for the sale of St. Francis Medical Center to Prime.
  • The Attorney Generals approval includes conditions for the sale which Prime is currently reviewing.
  • Verity Health System operates St. Francis Medical Center in Los Angeles County, as well as Seton Medical Center and Seton Coastside, both in San Mateo County.

Verity’s St. Francis Medical Center Sale Proceeds as Prime Healthcare Makes Investments to Improve Care Amid Pandemic

Retrieved on: 
Tuesday, June 2, 2020
General Health, Other Health, Hospitals, Health, Managed care, Verity Health System, Daughters of Charity Health System, Seton Medical Center, Healthcare in California, California, Seton, St. Francis Medical Center, Prime Healthcare, Verity Health System

Prime Healthcare and Verity Health today highlighted their continued efforts to preserve the legacy and health care mission of St. Francis Medical Center.

Key Points: 
  • Prime Healthcare and Verity Health today highlighted their continued efforts to preserve the legacy and health care mission of St. Francis Medical Center.
  • Prime has also already demonstrated a level of unique and exceptional talent and dedication to the St. Francis mission which will provide stability.
  • Prime is nationally recognized for award-winning quality care and has been named a Top 10 and Top 15 Health System by IBM Watson.
  • Verity Health System operates St. Francis Medical Center in Los Angeles County, as well as Seton Medical Center and Seton Coastside, both in San Mateo County.

Court Approves Verity Health System’s Sale of Seton Medical Center to AHMC Healthcare Inc.

Retrieved on: 
Friday, April 24, 2020
Hospitals, General Health, Health, Other Health, AHMC, Healthcare in California, Verity Health System, California, Seton Medical Center, Seton, States of the United States, Asian Hospital and Medical Center

Verity Health System (Verity Health), a nonprofit healthcare system, today announced that it received approval from the U.S. Bankruptcy Court in Los Angeles for the sale of Seton Medical Center in Daly City, CA and Seton Coastside in Moss Beach, CA to AHMC Healthcare Inc. (AHMC).

Key Points: 
  • Verity Health System (Verity Health), a nonprofit healthcare system, today announced that it received approval from the U.S. Bankruptcy Court in Los Angeles for the sale of Seton Medical Center in Daly City, CA and Seton Coastside in Moss Beach, CA to AHMC Healthcare Inc. (AHMC).
  • AHMC will acquire Seton Medical Center and Seton Coastside for $40 million, as set forth in the agreement.
  • Seton and Seton Coastside are integral to the health and well-being of the communities they have served for many decades, said Rich Adcock, CEO of Verity Health.
  • We are confident that AHMC will carry forward Setons legacy and continue to deliver patient-centric, quality health care to our entire community.

Verity Health System Completes Sale of St. Vincent Medical Center to Dr. Patrick Soon-Shiong

Retrieved on: 
Friday, April 17, 2020
Health, Hospitals, Other Health, Commercial Building & Real Estate, Construction & Property, General Health, Verity Health System, Patrick Soon-Shiong, St. Vincent Medical Center, St. Vincent's Hospital, Saint Vincent, Economy, Health, Occupations

Verity Health System (Verity Health), a nonprofit healthcare system, today announced that it has completed the sale of St. Vincent Medical Center (St. Vincent) in Los Angeles, CA to Dr. Patrick Soon-Shiong following the U.S. Bankruptcy Court approval.

Key Points: 
  • Verity Health System (Verity Health), a nonprofit healthcare system, today announced that it has completed the sale of St. Vincent Medical Center (St. Vincent) in Los Angeles, CA to Dr. Patrick Soon-Shiong following the U.S. Bankruptcy Court approval.
  • Under the agreement, Dr. Patrick Soon-Shiong will acquire all assets related to St. Vincent for $135 million ($135,000,000).
  • Dr. Patrick Soon-Shiong will also use the other buildings on the St. Vincent campus to conduct critical COVID-19 research.
  • St. Vincent was in the center of the storm and the hospital that cared for Los Angelenos during the smallpox pandemic of 1876-77.