News Headlines Article

Daughters of Charity deal would keep hospitals open five years
The Mercury News

Desperate for a deal to save its beleaguered hospitals, Bay Area-based Daughters of Charity Health System was left at the altar this spring when California’s Attorney General told its prospective new owner it must keep most of the hospitals open for at least 10 years. Yet, newly released documents show, the New York City hedge fund that is the nonprofit chain’s latest suitor is guaranteeing to keep the hospitals open for half that time.

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