December 14, 2015 Daughters of Charity finally closes on a deal Daughters of Charity Health System‘s fraught search for a buyer has ended. BlueMountain Capital Management Monday closed on a deal for the failing six-hospital system, now named Verity Health System. The Los Altos Hills, Calif.-based Daughters of Charity finalized the sale after losing one potential buyer and failing to reach a deal with another. BlueMountain, […]
December 3, 2015 Attorney General Kamala D. Harris Grants Conditional Approval of Daughters of Charity Health System Transaction with BlueMountain LOS ANGELES – Attorney General Kamala D. Harris today granted conditional approval of a transaction that will allow a change of control and governance of the Daughters of Charity Health System. The Attorney General’s approval includes strong conditions to ensure the continuity of essential healthcare services for vulnerable communities at the six health facilities and […]
July 17, 2015 Daughters of Charity gets $250 million lifeline from BlueMountain Capital Management The Daughters of Charity Health System is finally getting a new lifeline with an investment firm that will recapitalize, manage and maybe one day buy the six-hospital network. California’s Daughters of Charity Health System has chosen BlueMountain Capital Management, a $21 billion, 12-year-old hedge fund, to recapitalize its operations. The health system has been struggling […]
