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Embattled Daughters hospital system files to transfer control to New York hedge fund
San Francisco Business Times

The financially shaky Daughters of Charity Health System filed with the California Attorney General’s office Friday to transfer control of the nonprofit hospital system to a New York hedge fund. The Los Altos Hills-based Daughters system, which operates six hospitals in California, including four facilities in the Bay Area, is trying to transfer control of the hospitals to Blue Mountain Capital Management LLC.