News Headlines Article

Kamala Harris OKs complex deal to save California hospital chain
San Francisco Chronicle

State Attorney General Kamala Harris approved a deal Thursday that allows a New York hedge fund to manage Los Altos Hills’ Daughters of Charity Health System in what’s considered the largest and most complex nonprofit hospital transaction in the state’s history. The long-awaited deal and the money that BlueMountain Capital Management would infuse into Daughters of Charity could save a struggling Catholic hospital chain that includes Daly City’s Seton Medical Center, O’Connor Hospital in San Jose, St. Louise Regional Medical Center in Gilroy and two Southern California hospitals as well as Seton Coastside, a nursing center in Moss Beach.