News Headlines Article

Prime Healthcare nixes Daughters of Charity deal
Modern Healthcare

Prime Healthcare Services is abandoning its bid for Daughters of Charity Health System in Los Altos Hills, Calif., citing “onerous and unprecedented conditions” from the California attorney general.California Attorney General Kamala Harris approved the controversial $843 million deal in late February but set more than 300 conditions that went beyond the original transaction terms. Critics of the deal—including a number of elected officials and the Service Employees International Union-United Healthcare Workers West—had put pressure on Harris to reject the takeover.