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5 questions for Attorney General Kamala Harris as a hospital chain hangs in the balance
San Francisco Business Times

Attorney General Kamala Harris is delaying by two weeks making a decision on a “system restructuring and support agreement” that would give a $20 billion New York hedge fund effective control of the hospitals now run by the Daughters of Charity Health System.

A decision was originally expected today, Nov. 19, but is now scheduled for Dec. 3.

If approved, the complex deal, signed last summer, would also change the system’s name to Verity Health Service, and alter its governance structure, eliminating its ties to the Daughters of Charity order. It would also give Blue Mountain Capital Management the option to buy the hospitals in three years. (Another Blue Mountain entity, Integrity Healthcare, would provide management services to the hospitals, if the deal goes through.)