Daughters of Charity Health System

California Attorney General Grants Conditional Approval for St. Francis Sale

Retrieved on: 
Saturday, July 18, 2020
Daughters of Charity Health System, California, Prime Healthcare Services, St. Francis Medical Center, Asset purchase agreement, Xavier Becerra, Becerra, States of the United States

Attorney General Xavier Becerra noted that his approval of the sale of St. Francis to Prime Healthcare protect(s) access to care for the Los Angeles communities served by St. Francis.

Key Points: 
  • Attorney General Xavier Becerra noted that his approval of the sale of St. Francis to Prime Healthcare protect(s) access to care for the Los Angeles communities served by St. Francis.
  • In early April, the U.S. Bankruptcy Court 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.
  • In California alone, Prime operates 15 hospitals, employs more than 10,000 people, and serves tens of thousands of patients annually.

[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.

Prime Healthcare to Acquire Verity Health System’s St. Francis Medical Center

Retrieved on: 
Friday, April 10, 2020
Hospitals, Commercial Building & Real Estate, Construction & Property, Health, Verity Health System, Daughters of Charity Health System, St. Francis Medical Center, Geography of California, Lynwood, California, Prime Healthcare Services, California, Greater Los Angeles

Prime Healthcare (Prime) and Verity Health System (Verity) announced today that the U.S. Bankruptcy Court for the Central District of California in Los Angeles has approved the Asset Purchase Agreement for the sale of St. Francis Medical Center (St. Francis) in Lynwood, California.

Key Points: 
  • Prime Healthcare (Prime) and Verity Health System (Verity) announced today that the U.S. Bankruptcy Court for the Central District of California in Los Angeles has approved the Asset Purchase Agreement for the sale of St. Francis Medical Center (St. Francis) in Lynwood, California.
  • St. Francis Medical Center plays a crucial role in providing high quality care for patients in Lynwood and the surrounding communities, said Rich Adcock, CEO of Verity Health.
  • We are honored and look forward to continuing St. Francis legacy of compassionate, critical medical care for the communities it serves, especially during this unprecedented health crisis.
  • St. Francis Medical Center remains fully operational during the sale close process and Prime Healthcare will be supporting the hospital staff as they continue to provide critical care during this COVID pandemic.

Verity Health System and State of California Partner to Address COVID-19 Pandemic

Retrieved on: 
Saturday, March 21, 2020
General Health, Infectious diseases, Other Health, Hospitals, Health, Daughters of Charity Health System, Healthcare in California, Verity Health System, St. Vincent Medical Center, California, Seton Medical Center, St. Vincent's Hospital, St. Francis Medical Center

Verity Health System of California, Inc. (Verity), a nonprofit healthcare system, has entered into two agreements with the State of California one to ensure COVID-19 patients will be treated at Seton Medical Center in Daly City and the other to give the State access to the now-closed St. Vincent Medical Center in Los Angeles.

Key Points: 
  • Verity Health System of California, Inc. (Verity), a nonprofit healthcare system, has entered into two agreements with the State of California one to ensure COVID-19 patients will be treated at Seton Medical Center in Daly City and the other to give the State access to the now-closed St. Vincent Medical Center in Los Angeles.
  • The agreement will also allow for the State to lease St. Vincent Medical Center to determine its best use to help address COVID-19 in Los Angeles County.
  • We are pleased to be able to partner with the State of California to address this pressing public health need.
  • Verity also owns and operates St. Francis Medical Center in Los Angeles County, which will provide care for COVID-19 patients and for the broader community.

Verity Health System Announces Closure of St. Vincent Medical Center in Los Angeles

Retrieved on: 
Monday, January 6, 2020
Health, Hospitals, Other Health, Daughters of Charity Health System, Verity Health System, Healthcare in California, Seton Medical Center, California, St. Vincent Medical Center, St. Vincent's Hospital, Seton, St. Francis Medical Center

Verity Health System (Verity Health), a nonprofit healthcare system, filed a motion today seeking court authority to proceed with the closure of St. Vincent Medical Center, located at 2131 W 3rd St, Los Angeles, CA.

Key Points: 
  • Verity Health System (Verity Health), a nonprofit healthcare system, filed a motion today seeking court authority to proceed with the closure of St. Vincent Medical Center, located at 2131 W 3rd St, Los Angeles, CA.
  • The closure follows KPC Groups default under a binding purchase agreement to acquire St. Vincent, St. Francis Medical Center, Seton Medical Center and Seton Coastside.
  • The closure of St. Vincent Medical Center comes only after Verity explored every option to keep the facility open.
  • The closure of St. Vincent Medical Center does not impact Veritys other remaining facilities, including St. Francis Medical Center in Los Angeles County, and Seton Medical Center and Seton Coastside in San Mateo County.

Verity Health System Files Motion to Enforce Sale Order

Retrieved on: 
Wednesday, October 2, 2019
Hospitals, Health, Other Health, Daughters of Charity Health System, Verity Health System, St. Vincent Medical Center, Seton Medical Center, Healthcare in California, California, Seton, St. Francis Medical Center

Verity Health System of California, Inc. (Verity), a nonprofit healthcare system, filed a motion in the U.S. Bankruptcy Court for the Central District of California to enforce the sale order related to its four hospitals St. Francis Medical Center, St. Vincent Medical Center, Seton Medical Center and Seton Coastside to the KPC Group.

Key Points: 
  • Verity Health System of California, Inc. (Verity), a nonprofit healthcare system, filed a motion in the U.S. Bankruptcy Court for the Central District of California to enforce the sale order related to its four hospitals St. Francis Medical Center, St. Vincent Medical Center, Seton Medical Center and Seton Coastside to the KPC Group.
  • Last week, the Attorney General of California approved the sale subject to conditions which threaten the sale.
  • The motion filed by Verity seeks a ruling from the Court that finds these conditions imposed by the Attorney General are unenforceable.
  • During the extensive sale process, KPC Group was the only bidder to promise to keep all the hospitals open and operating.