News Headlines Article

Hospital Buyer Agrees to AG Conditions
California Healthline

BlueMountain Capital Management agreed this week to the terms set out by California Attorney General Kamala Harris (D), clearing the way for six hospitals owned by Daughters of Charity to be sold for $100 million, along with $160 million in loans to the six hospitals for system improvements.

The sale of the California hospitals serving mostly low-income patients has been controversial. The first deal with Prime Healthcare fell through earlier this year when Prime officials balked at the “onerous” conditions put on the sale by the Attorney General’s office.

Harris on Dec. 3 outlined similar restrictions on BlueMountain for the hospitals sale. BlueMountain agreed on Monday.